Mitsui goals to speed up enterprise in healthcare and vitamin segments


Tokyo, May 7 (Reuters). Japanese trading house Mitsui & Co Ltd aims to accelerate its healthcare and nutrition business expansion by leveraging Malaysian hospital group IHH Healthcare Bhd and other assets, the chief executive officer (CEO) said on Friday.

Kenichi Hori, Mitsui CEO, said at an analyst meeting following the earnings announcement last week, “What we are striving for in the long term in the health and nutrition sectors is pretty big.”

However, he didn’t discuss a Bloomberg report on Thursday that Mitsui is considering a deal to take IHH Healthcare private.

Mitsui is the largest shareholder in IHH Healthcare with a stake of 32.9%.

Reporting by Yuka Obayashi; Arrangement by Christian Schmollinger