Mitsui & Co., Ltd. (TSE:8031) won the bid to acquire an additional 20.03% stake in Mitsui Oil Exploration Co., Ltd. from Ministry of Economy, Trade and Industry on October 27, 2021. Mitsui & Co., Ltd. was successfully awarded as a selected bidder in the Public Tender of Ministry of Economy, Trade and Industry. After the transaction, Mitsui & Co., Ltd. will hold 94.29% stake in Mitsui Oil Exploration. Mitsui & Co., Ltd. will enter into a stock purchase agreement following the negotiation with Mitsui Oil Exploration Co., Ltd. Under the transaction, it is about acquisition of 13.276 million shares of Mitsui Oil Exploration Co., Ltd. representing 20.03% stake.