Eneos to sell JX Nippon Exploration and Production to NEO Energy

26/11/2021 1:10:00 PM

Eneos to sell UK unit JX Nippon Exploration and Production to NEO Energy

Eneos to sell UK unit JX Nippon Exploration and Production to NEO Energy

TOKYO : Japan's Eneos Holdings Inc said on Friday it will sell its British subsidiary JX Nippon Exploration and Production (UK) to NEO Energy Upstream UK. The unit was valued at US$1.655 bln at the end of March, Japan's biggest refiner said in a stock market filing, with a final deal price to be determine

TOKYO : Japan's Eneos Holdings Inc said on Friday it will sell its British subsidiary JX Nippon Exploration and Production (UK) to NEO Energy Upstream UK.The unit was valued at US$1.655 bln at the end of March, Japan's biggest refiner said in a stock market filing, with a final deal price to be determined later.

(Reporting by Sam Nussey; Editing by Jan Harvey)

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The unit was valued at US$1.655 bln at the end of March, Japan's biggest refiner said in a stock market filing, with a final deal price to be determined later.” “As a regulator, it appears that EMA may block, deter, or stop competitors under the Singapore Wholesale Electricity Market from competing against EMA-owned or operated energy units,” Jaafar said when asked about the possible conflicts which could arise from the bill. (Reporting by Sam Nussey; Editing by Jan Harvey) Source: Reuters . "We will begin benefitting from our planned investments in the later 2020s and aim to achieve 200 billion yen profit in 2030," he said.