Tohoku Electric Power Company, Incorporated (TSE:9506) agreed to acquire remaining 13.9% stake in Tohoku Energy Service Co.,Inc. from Yurtec Corporation (TSE:1934), Tohoku Electric Power Engineering & Construction Co.,Inc. and Mitsubishi Electric Corporation (TSE:6503) on March 21, 2017. Under the terms of transaction, Tohoku Electric Power Company, Incorporated will acquire 5.4% stake from Yurtec Corporation, 4.2% stake from Tohoku Electric Power Engineering & Construction Co.,Inc. and 3.1% stake from Mitsubishi Electric Corporation in Tohoku Energy Service Co.,Inc. Upon completion Tohoku Energy Service Co.,Inc. will become wholly owned subsidiary of Tohoku Electric Power Company, Incorporated. The transaction is expected to be completed by April 3, 2017.
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
1,544 JPY | +2.80% | +5.46% | +37.37% |
Stocks mentioned in the article
Price
|
Change
|
5d. change
|
Capi.
| ||
---|---|---|---|---|---|
2,783 JPY | +0.61% | -1.87% | 37.28B | ||
1,272 JPY | +1.36% | -4.69% | 4.08B | ||
1st Jan change | Capi. | |
---|---|---|
+37.37% | 710M | |
+1.67% | 71.03B | |
-7.25% | 53.83B | |
+25.80% | 39.74B | |
+13.93% | 31.57B | |
+4.72% | 27.28B | |
+17.96% | 21.32B | |
+17.92% | 19.99B | |
+76.52% | 17.87B | |
+32.47% | 17.66B |
- Stock Market
- Equities
- 1934 Stock
- News Yurtec Corporation
- Tohoku Electric Power Company, Incorporated agreed to acquire remaining 13.9% stake in Tohoku Energy Service Co.,Inc. from Yurtec Corporation, Tohoku Electric Power Engineering & Construction Co.,Inc. and Mitsubishi Electric Corporation.