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ENEOS Holdings ( (JP:5020) ) has provided an update.
ENEOS Holdings has announced its decision to acquire 3,882,432 common shares of RAIZNEXT Corporation from its subsidiary, NIPPO Corporation, which represents 7.17% of RAIZNEXT’s total issued shares. This acquisition, constituting an act equivalent to a tender offer, is expected to impact ENEOS’s strategic positioning by expanding its influence within RAIZNEXT, potentially affecting stakeholders and market dynamics.
The most recent analyst rating on (JP:5020) stock is a Hold with a Yen740.00 price target. To see the full list of analyst forecasts on ENEOS Holdings stock, see the JP:5020 Stock Forecast page.
More about ENEOS Holdings
ENEOS Holdings, Inc. operates in the energy sector, focusing on petroleum refining and marketing, oil and natural gas exploration, and metals production. It is a major player in the Japanese market, with a significant presence in the TSE Prime and NSE Premier markets.
Average Trading Volume: 13,941,043
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen2088B
Find detailed analytics on 5020 stock on TipRanks’ Stock Analysis page.