Osaka Gas Co., Ltd. acquired 15% stake in The Reliance Energy Okinawa, Incorporated from The Okinawa Electric Power Company, Incorporated.
March 04, 2018
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Osaka Gas Co., Ltd. (TSE:9532) acquired 15% stake in The Reliance Energy Okinawa, Incorporated from The Okinawa Electric Power Company, Incorporated (TSE:9511) on March 5, 2018. Post acquisition, The Okinawa Electric Power Company, Limited holds 51.6% stake in The Reliance Energy Okinawa, Incorporated.
Osaka Gas Co., Ltd. (TSE:9532) completed the acquisition of 15% stake in The Reliance Energy Okinawa, Incorporated from The Okinawa Electric Power Company, Incorporated (TSE:9511) on March 5, 2018.
Okinawa Electric Power Co Inc is a Japan-based company mainly engaged in the electric power business, and construction and other businesses to supplement and support the electric power business or to make effective use of management resources. The Company operates through two business segments. The electric utility segment is engaged in the provision of service to customers in Okinawa Prefecture, combining power generated by the Company with power received from other sources. The electric utility segment is engaged in the provision of power generation, general transmission and distribution, and retail electricity services. The construction business segment is engaged in the provision of civil, building, electrical, plumbing, and telecommunications construction, as well as installation and maintenance of electric power facilities. The Company is also engaged in contract operation of electromechanical equipment and real estate business.