Idemitsu Kosan Co (JP:5019) has released an update.
Don't Miss out on Research Tools:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Idemitsu Kosan Co. has announced an absorption-type merger with its wholly owned subsidiary, RS Renewables, set to take effect on April 1, 2025. This strategic move aims to consolidate operations to boost productivity in Idemitsu’s power and renewable energy sectors. The merger, being a simple form involving a wholly owned entity, will not require shareholder approval.
For further insights into JP:5019 stock, check out TipRanks’ Stock Analysis page.