Eneos to buy Japan Renewable Energy for $1.8 billion -Nikkei

October 7, 2021

TOKYO (Reuters) – Japanese oil company Eneos Holdings Inc plans to buy Japan Renewable Energy for about 200 billion yen ($1.8 billion) from Goldman Sachs and Singaporean sovereign wealth fund GIC, the Nikkei business daily reported on Thursday.

The deal would mark the first major purchase of a renewables firm by a top Japanese oil company, the Nikkei said, as Eneos looks to shift away from fossil fuels.

An Eneos spokesperson said the company was considering various options to expand its renewable energy business but that nothing had been decided.

($1 = 111.3800 yen)

(Reporting by Tokyo newsroom; editing by Jason Neely and Emelia Sithole-Matarise)

Source Link Eneos to buy Japan Renewable Energy for $1.8 billion -Nikkei