Idemitsu Kosan Co (JP:5019) has released an update.
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Idemitsu Kosan Co., Ltd. successfully completed a tender offer for AGRO-KANESHO CO., LTD., acquiring 11,135,303 shares, thus surpassing the minimum purchase requirement. This acquisition marks a strategic expansion for Idemitsu, as AGRO-KANESHO is set to become its consolidated subsidiary by December 30, 2024. The move represents Idemitsu’s continued growth and influence in the market.
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