Japan's Iwatani Corp to buy 19.9% stake in Cosmo Energy from Murakami funds

Japan's Iwatani Corp to buy 19.9% stake in Cosmo Energy from Murakami funds

Photo by Ryo Yoshitake on Unsplash.

Japanese gas company Iwatani Corp on Friday said it will raise its stake in Cosmo Energy Holdings to 19.93% by buying shares from funds related to prominent activist shareholder Yoshiaki Murakami for 105.3 billion yen ($710.8 million).

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