Idemitsu completed the acquisition of 6.46% stake in Fuji Oil from Sumitomo Chemical.

Synopsis

Idemitsu, a Japanese petroleum company, completed the acquisition of 6.46% stake in Fuji Oil, a company that deals with food ingredients, from Sumitomo Chemical, a Japanese chemical company. Financial terms were not disclosed.

Principals

target

Fuji Oil Holdings

bidder

Idemitsu Kosan Co

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Market Context

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Seller Team (1)

mikio sakai

CEO at FUJI OIL HOLDINGS INC

Manager

target

Deals

n/a

Total Value

Bidder Team (1)

shunichi kito

Representative Director & CEO at IDEMITSU KOSAN CO LTD

Manager

bidder

Deals

£ 727 M

Total Value

Vendor Team (1)

masakazu tokura

Chairman at SUMITOMO CHEMICAL COMPANY LIMITED

Manager

vendor

Deals

n/a

Total Value

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