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)