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Japan’s Mitsui to acquire 10% of Smart Axiata
Malaysia’s Axiata Group has secured a new strategic partner and minority investor in its Cambodian operations. Japanese conglomerate Mitsui & Co and its affiliate will collectively take a 10% stake in Smart Axiata in a deal worth $66 million. The agreement is expected to close by end-May, and also covers a call option granting Mitsui the right to acquire an additional 10% stake in Smart within 12 months post-completion. Axiata group CEO Tan Sri Jamaludin Ibrahim said...