OREANDA-NEWS. Mitsui & Co., Ltd. has reached an agreement with Mori Building Co., Ltd. to sell its entire shares in its associated company, Shanghai Senmao International Real Estate Co., Ltd. ("Shanghai Senmao").

Mitsui will sell its shares for a 15% stake in Shanghai Senmao to Mori. Subject to the approval of Chinese authority on the transfer of its share, this transfer is scheduled to be executed around December 2014.