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Methanex and Mitsui O.S.K. Lines Announce Closing of Strategic Partnership

Globe Newswire - Tue Feb 1, 2022

VANCOUVER, British Columbia and TOKYO, Feb. 01, 2022 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) (Methanex) and Mitsui O.S.K. Lines, Ltd. (TSE:9104) (MOL) announced the completion of the previously announced strategic partnership involving Methanex’s Waterfront Shipping (WFS) subsidiary (NOTE 1). Methanex has received proceeds of approximately US$145 million from MOL for a 40 percent minority interest in WFS. Methanex will retain the remaining 60 percent majority interest in WFS and continue to operate WFS as a key element of its global supply chain capabilities.

Read more at globenewswire.com

Provided Content: Content provided by Globe Newswire. The Globe and Mail was not involved, and material was not reviewed prior to publication.

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