Sompo Care, Inc. agreed to acquire Energia Care Service Co., Ltd. from The Chugoku Electric Power Co., Inc. and Energia L&B Partners Co.,Inc.
April 05, 2023
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Sompo Care, Inc. agreed to acquire Energia Care Service Co., Ltd. from The Chugoku Electric Power Co., Inc. (TSE:9504) and Energia L&B Partners Co.,Inc. on March 29, 2023. Sompo Care will acquire 0.006 million shares of Energia Care Service. The board resolution date is March 29, 2023.
The agreement has signed on March 31, 2023. In this transaction, The Chugoku Electric Power will sell 33.33% stake and Energia L&B Partners will sell 66.67% stake in Energia Care Service. The transaction is expected to complete on July 3, 2023.
Chugoku Electric Power Co Inc is a Japan-based company mainly engaged in the electric power business, comprehensive energy supply business and information and communication business. The Company operates through three business segments. The Electric Power Business segment supplies electricity based on the Chugoku region as the basis for business development. The Comprehensive Energy Supply Business segment is engaged in the sale of liquefied natural gas (LNG) and provision of energy utilization services such as electricity and heat sales. The Information and Communications Business segment provides telecommunications services and information processing services that utilize information and communication technology (ICT). The Company also provides environmental harmony creation, business and life support, and electric power business support.