17 December 2012 07:39 [Source: ICIS news]
SINGAPORE (ICIS)--Idemitsu Kosan Co Ltd acquired 100% of Australian petroleum product distributor Freedom Energy Holdings on 14 December for an undisclosed amount, the Japanese refiner said on Monday.
Based in Brisbane, Queensland, Freedom Energy operates about 40 gas stations in the east coast of Australia, Idemitsu said in a statement.
The acquisition is part of Idemitsu Kosan's strategy to enhance its overseas petroleum products business, it said.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections