Itochu to acquire stake in IP&E Palau

TOKYO - Itochu Enex Co. Ltd. has announced that it has entered into an agreement to acquire 25% of shares of IP&E Palau through a private placement of new shares to jointly manage it from Jan. 1 and by doing so it will participate in the import/wholesale business of petroleum products in the Pacific according to a company release on Jan. 5 . . .

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