Mitsubishi to Acquire Shale Gas Assets in Texas and Louisiana for $7.5 Billion

Mitsubishi is set to acquire shale gas assets in Texas and Louisiana in a $7.5 billion deal, marking a significant expansion of the company's presence in the US energy market.

The deal, which is expected to be completed in the coming months, will see Mitsubishi spend $5.2 billion in equity purchases, as well as $2.33 billion on Aethon's interest-bearing debt.

The acquisition is a major coup for Mitsubishi, which has been looking to expand its presence in the US energy market for some time. The company has been actively seeking out opportunities to invest in shale gas assets, and this deal represents a significant step in that direction.

The acquisition is also expected to have a positive impact on the local economy, with Mitsubishi committing to invest in the communities where the assets are located.

The deal is subject to regulatory approval, but Mitsubishi is confident that it will be completed in the coming months.

Sources

[1] Mitsubishi to acquire shale gas assets in Texas and Louisiana in a $7.5 billion deal