We are pleased to share that Skrine acted as Malaysian legal counsel to Mitsui & Co., Ltd. (“Mitsui”), one of the world’s largest trading and investment corporations, in respect of its share acquisition in STATS (UK) Ltd. (“STATS”). STATS is a global market leader in the field of pipeline repair equipment manufacturing and engineering services.
 
Skrine provided regulatory advice in respect of the acquisition, including advising on regulatory and environmental regime from a Malaysian law perspective and advised Mitsui on any potential implications where the operation of STATS is active in Malaysia.
 
This acquisition is part of Mitsui’s strategy to integrate STATS’ industry-leading pipeline equipment and technical engineering services which will strengthen Mitsui's business processes and provide new opportunities for growth in the areas of Carbon Capture and Storage (CCS) and hydrogen. STATS’ expertise in the field of pipeline manufacturing and engineering services and Mitsui’s global network will offer unlimited growth potential globally and accelerate the market for sustainable infrastructure maintenance.
 
The Skrine team was led by Senior Partner, To’ Puan Janet Looi, Senior Associate, Tan Wei Xian, supported by Associate Samson Kong.
 
Media Release of this transaction can be accessed at:
https://www.mitsui.com/jp/en/release/2023/1246811_13943.html  
https://www.statsgroup.com/news/stats-aquired-by-mitsui  
https://www.offshore-energy.biz/in-push-towards-energy-transition-mitsui-co-buys-uk-provider-of-pipeline-integrity-solutions/  
https://www.energyvoice.com/oilandgas/north-sea/516454/stats-group-acquired-by-japanese-giant-mitsui/