Idemitsu Kosan Co. Ltd. cancelled the acquisition of 5% stake in Yellow Hat Ltd..
November 11, 2012 at 04:00 am
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Idemitsu Kosan Co. Ltd. (TSE:5019) signed a basic agreement to acquire 5% stake in Yellow Hat Ltd. (TSE:9882) on November 11, 2011. Idemitsu Kosan Co. Ltd. (TSE:5019) signed an agreement to acquire 5% stake in Yellow Hat Ltd. (TSE:9882) from Nakahara Shouji and 2 individuals for ¥1.7 billion in cash on April 3, 2012. Idemitsu Kosan will acquire 1.25 million shares of Yellow Hat Ltd. The Board of Directors of Idemitsu Kosan and Yellow Hat have approved the transaction on April 3, 2012. The transaction is expected to close by April 4, 2012.
Idemitsu Kosan Co. Ltd. (TSE:5019) cancelled the acquisition of 5% stake in Yellow Hat Ltd. (TSE:9882) on November 11, 2012.
Idemitsu Kosan Co., Ltd. is specialized in the production and refining of petroleum products. Net sales break down by category as follows:
- refining of petroleum products (78.8%): fuels, lubricants, kerosene, etc. At the end of March 2019, the group operated 6 refineries in Japan;
- manufacturing of petrochemical products (12.5%): activity carried out in 2 production sites located in Japan;
- exploration and production of oil, coal, uranium and geothermal resources (7%);
- other (1.7%).
Net sales are distributed geographically as follows: Japan (69.8%), Asia-Pacific (19.2%), North America (7.2%), Europe (2.4%) and others (1.4%).