TonenGeneral to buy Mitsui Oil to create 3rd largest oil wholesaler

TonenGeneral to buy Mitsui Oil to create 3rd largest oil wholesaler

TOKYO, Japan - Jun Muto, president of oil wholesaler TonenGeneral Sekiyu K.K., announces at a news conference in Tokyo on Dec. 18, 2013, that the company will acquire a stake of nearly 90 percent in Mitsui Oil Co. for 24.9 billion yen from the trader on Feb. 4. The acquisition would allow the TonenGeneral group to rival Cosmo Oil Co. as Japan's third-largest oil wholesaler in terms of sales following JX Holdings Inc. and Idemitsu Kosan Co.

  • Product Code
  • ILEA001219010
  • Registered date
  • 2013/12/18 00:00:00
  • Credit
  • Kyodo / Kyodo News Images
  • Media source
  • 2020 Kyodo News
  • Media size
  • 1118 × 1292 pixel
  • Resolution
  • 240 dpi
  • Deployment size
  • 210.03(KB)*
  • Special instruction

*File size when opened in Photoshop, etc.

Similar Images & Videos
    Japanese chipmaker Kioxia President Hayasaka

    Japanese chipmaker Kioxia President Hayasaka

    Japanese chipmaker Kioxia Holdings Corp. President Nobuo Hayasaka speaks during a press conference in Tokyo on Dec. 18, 2024, after his company debuted on the TSE's top-tier Prime Market the same day, closing over 10 percent above its initial offering price in Japan's second-largest listing this year.
      Japanese chipmaker Kioxia President Hayasaka

      Japanese chipmaker Kioxia President Hayasaka

      Japanese chipmaker Kioxia Holdings Corp. President Nobuo Hayasaka speaks during a press conference in Tokyo on Dec. 18, 2024, after his company debuted on the TSE's top-tier Prime Market the same day, closing over 10 percent above its initial offering price in Japan's second-largest listing this year.
        Japanese chipmaker Kioxia President Hayasaka

        Japanese chipmaker Kioxia President Hayasaka

        Japanese chipmaker Kioxia Holdings Corp. President Nobuo Hayasaka speaks during a press conference in Tokyo on Dec. 18, 2024, after his company debuted on the TSE's top-tier Prime Market the same day, closing over 10 percent above its initial offering price in Japan's second-largest listing this year.
          Japanese chipmaker Kioxia President Hayasaka

          Japanese chipmaker Kioxia President Hayasaka

          Japanese chipmaker Kioxia Holdings Corp. President Nobuo Hayasaka speaks during a press conference in Tokyo on Dec. 18, 2024, after his company debuted on the TSE's top-tier Prime Market the same day, closing over 10 percent above its initial offering price in Japan's second-largest listing this year.
            Honda's group net profit down for 1st time in 3 yrs

            Honda's group net profit down for 1st time in 3 yrs

            TOKYO, April 28 Kyodo - Tetsuo Iwamura, executive vice president of Honda Motor Co., announces the company's earnings results for the year ended in March 2015 at a press conference in Tokyo on April 28, 2015. Honda's group net profit fell for the first time in three years, down 8.9 percent from a year earlier to 522.76 billion yen ($4.4 billion), hurt by recall-related costs and sluggish sales in Japan.
              Japan oil distributor Idemitsu mulls buying rival Showa Shell

              Japan oil distributor Idemitsu mulls buying rival Showa Shell

              TOKYO, Japan - Combined photo taken Dec. 20, 2014, in Tokyo's Chuo Ward shows the signboards of gas stations affiliated with Idemitsu Kosan Co. (R) and Showa Shell Sekiyu K.K., respectively. Idemitsu, Japan's second-largest oil distributor, is considering acquiring fifth-ranked Showa Shell through a tender offer, sources familiar with the move said the same day.
                Japan oil distributor Idemitsu mulls buying rival Showa Shell

                Japan oil distributor Idemitsu mulls buying rival Showa Shell

                TOKYO, Japan - File photo shows the building housing the headquarters of Showa Shell Sekiyu K.K., Japan's fifth-ranked oil distributor, in Tokyo's Minato Ward. Idemitsu Kosan Co., the country's second-largest oil distributor, is considering acquiring Showa Shell through a tender offer, sources familiar with the move said Dec. 20, 2014.
                  Otsuka to buy U.S. biopharmaceutical firm Avanir for $3.5 bil.

                  Otsuka to buy U.S. biopharmaceutical firm Avanir for $3.5 bil.

                  TOKYO, Japan - Tatsuo Higuchi, president of Otsuka Holdings Co., attends a press conference in Tokyo's Minato Ward on Dec. 2, 2014, on the planned acquisition by its subsidiary Otsuka Pharmaceutical Co. of California-based biopharmaceutical firm Avanir Pharmaceuticals Inc. for $3.54 billion through a tender offer to be followed by a merger. The Japanese nutrition product and drug manufacturer will pay $17 per Avanir share in the takeover bid through its U.S. subsidiary.
                    Suntory eyes 4 tril. yen group sales

                    Suntory eyes 4 tril. yen group sales

                    TOKYO, Japan - Suntory Holdings Ltd. President Nobutada Saji (R) and Matt Shattock, chairman and chief executive officer of Suntory subsidiary Beam Suntory Inc., shake hands during a press conference in Tokyo on May 15, 2014. Suntory Holdings is aiming to achieve group sales of 4 trillion yen in 2020 by boosting global sales of Beam Suntory, the world's third-largest spirits company created after the buyout of U.S. distiller Beam Inc.
                      Sharp returns to black in FY 2013

                      Sharp returns to black in FY 2013

                      TOKYO, Japan - Sharp Corp. President Kozo Takahashi holds a press conference in Tokyo on May 12, 2014, on the electronics maker's earnings results for fiscal 2013. Sharp said it returned to profitability in the business year ended March 2014 for the first time in three years, posting a group net profit of 11.56 billion yen, on increased sales of its mainstay liquid crystal display panels and solar batteries.