Cosmo Energy sees Iwatani's stake purchase as positive

COSMO ENERGY HOLDINGS

04/12/2023 09:48

TOKYO, Dec 4 (Reuters) - Japan's Cosmo Energy  5021.T 
said on Monday it took a positive view on a stake purchase by
gas company Iwatani Corp  8088.T .
    Cosmo also decided to withdraw a takeover defence against a
group of activist investors and cancelled an extraordinary
shareholders meeting scheduled for Dec. 14, the company said in
a statement. 
    Iwatani on Friday announced it agreed to buy about 20% in
Cosmo from a group of activist investors. 

 (Reporting by Rocky Swift, Editing by Louise Heavens)
 ((rocky.swift@thomsonreuters.com;))