Cosmo Oil acquire Sojitz Energy Corporation

Cosmo Oil Co., Ltd announces the agreement with Sojitz Corporation (hereinafter Sojitz) on the acquisition of shares for Sojitz Energy Corporation (hereinafter Sojitz Energy) as follows:

Cosmo Oil is a fully integrated oil company with strong presence from E&P to refining & marketing, and aims to further strengthen the competitiveness of its domestic sales by expanding the group network through the acquisition of Sojitz Energy.

The numerous procurement sources, loyal customers, talented personnel and know-how of Sojitz Energy, will all strongly contribute to Cosmo Oil's domestic marketing strategy, and furthermore, create significant synergies in our supply stability and logistics network.

At the same time, the 4 million "Cosmo the Card" credit card members will benefit from the additional support of the service station networks under the highly respected Cosmo Oil brand image.

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