Japan’s Eneos increases Petrolimex stake

By Dat Nguyen   September 20, 2020 | 06:29 pm PT
Japan’s Eneos increases Petrolimex stake
A worker passes a fuel container to another in a Petrolimex fuel station in District 1, Ho Chi Minh City. Photo by VnExpress/Thanh Nguyen.
Japanese energy company Eneos Corporation has acquired 13 million shares, or a 1 percent stake, of fuel distributor Petrolimex for an undisclosed amount.

The deal, carried out by order matching on the Ho Chi Minh City Stock Exchange between August 27 and September 14, increases its holding in Petrolimex to 9 percent.

It was the second time this year that Petrolimex sold treasury shares after selling 15 million shares in June for VND680 billion ($29 million).

Last year it had sold 32 million shares for nearly VND2 trillion.

It reported a loss of VND1.08 trillion in the first half of this year as oil prices plummeted due to the coronavirus pandemic. Revenues fell 29 percent to VND65 trillion.

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