Idemitsu Kosan Co.,Ltd. (TSE:5019) agreed to acquire additional 28.9% stake in Seibu Oil Co., Ltd. on June 14, 2022. The deal is expected to be closed on June 14, 2022.

Idemitsu Kosan Co.,Ltd. (TSE:5019) completed the acquisition of additional 28.9% stake in Seibu Oil Co., Ltd. during the three months ended June 30, 2022.