Eneos to purchase Japan Renewable Energy for $1.77 billion

FILE PHOTO: The logo of Eneos Holdings and Eneos Corporation is displayed at the company headquarters in Tokyo, Japan August 20, 2020. REUTERS/Issei Kato

Eneos Holdings Inc, Japan's largest refiner, announced that it would purchase Japan Renewable Energy for approximately 200 billion yen ($1.77 billion) to turn it into a wholly-owned subsidiary.

The purchase would be a first for a large Japanese oil corporation to make a significant renewables acquisition.

Publish : 2021-10-11 12:52:00

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