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Chiyoda Corp Invests in MPDC Gabon Co. Ltd.


Thursday, 3 Oct 2013 08:00pm EDT 

Chiyoda Corp announced that it has acquired 2,475 shares (equivalent to 25% of issued shares) of MPDC Gabon Co. Ltd. (MPDC) from Mitsubishi Corporation. MPDC holds participating interests in two offshore blocks in Republic of Gabon, including a 50% interest in Baudoroie Merou block and a 50% interest in Loche East block. Through investment in MPDC, Chiyoda expects to acquire knowledge of the needs for offshore and upstream industries. After the transaction, Mitsubishi is holding 75% stake in MPDC. 

Company Quote

1395.0
-2.0 -0.14%
2:00am EDT