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  • Photo: Modec

02.05.2023

Artikel Nummer: 44977

MOL: a new alliance


MOL’s president and CEO Takeshi Hashimoto has announced his company’s approval to acquire the third-party allotment of new shares of Modec, a provider of solutions to the floating offshore oil and gas market. These units can handle oil & gas production in ultra-deep water and in harsh environments.

 

When the transaction is completed, MOL will own a 14.86% stake in Modec, thus becoming the second-largest shareholder, holding the same share as Mitsui & CO.

 

With their alliance, MOL and Modec aim to open up new horizons in their efforts towards decarbonisation and further strengthen their strategic partnership. (lh)

www.mol.co.jp

www.modec.com

 

 

 

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