Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Japan
  4. Japan Exchange
  5. Marubeni Corporation
  6. News
  7. Summary
    8002   JP3877600001

MARUBENI CORPORATION

(8002)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Marubeni : Ithaca Energy agrees to buy Marubeni's North Sea assets for $1 billion, sources say

09/13/2021 | 05:24am EDT

LONDON (Reuters) - Ithaca Energy has agreed to acquire Marubeni's oil and gas assets in the North Sea for about $1 billion, industry sources told Reuters.

The owner Ithaca, Israeli energy company Delek Group, said last year it wanted to list the North Sea-focused energy company.

Several other Japanese energy and trading firms are also seeking to exit the ageing North Sea basin.

Ithaca Energy and Marubeni declined to comment.

Marubeni's main oil and gas asset in the North Sea is its 41.03% stake https://itportal.ogauthority.co.uk/information/licence_reports/databycompanyandblock.html in the Montrose Area, which includes the Montrose, Arbroath, Arkwright, Brechin, Wood, Godwin, Shaw and Cayley fields, operated by Repsol Sinopec Resources UK.

Ithaca, which produced about 56,000 barrels of oil equivalent per day in the first half of 2021, said in August it had refinanced a $1.225 billion reserve based lending facility and placed a $625 million bond "to continue to pursue business growth ambitions".

Japan's JX Nippon also wants to sell its British North Sea oil and gas assets including stakes in some of the basin's biggest fields in a deal that could fetch up to $1.5 billion, sources said in May.

(Additional reporting by Yuki Obayashi in Tokyo; Editing by Edmund Blair)

By Ron Bousso


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
DELEK GROUP LTD. -1.31% 264 End-of-day quote.164.00%
MARUBENI CORPORATION -0.95% 969 End-of-day quote.41.23%
All news about MARUBENI CORPORATION
10/17MARUBENI : Closes Investment in B2U Storage Solutions~Repurposing Second Life Batte..
PU
10/05MARUBENI : Joins “Charge On Innovation Challenge”, a Global Mining Truck Fleet..
PU
10/04PROFILE : Motegi led Japan's efforts to donate COVID-19 vaccines
AQ
09/30MARUBENI : Announcing the Opening of the Marubeni Gallery-Creating a Space Where the Aesth..
PU
09/29MARUBENI CORPORATION : Ex-dividend day for interim dividend
FA
09/29Farmnote Holdings, Inc. announced that it has received ¥1.44 billion in funding from a ..
CI
09/27Peru moves to renegotiate natural gas contract with Pluspetrol-led consortium
RE
09/26PERU PM WARNS GAS SECTOR : pay higher taxes or face nationalization
RE
09/23MARUBENI : Partnership with Vertical Aerospace for Implementation of Air Mobility~ Aiming ..
PU
09/23MARUBENI : BIG IN JAPAN The only way is up for futuristic transport firm Vertical Aerospac..
AQ
More news
Analyst Recommendations on MARUBENI CORPORATION
More recommendations
Financials
Sales 2022 7 126 B 62 130 M 62 130 M
Net income 2022 327 B 2 855 M 2 855 M
Net Debt 2022 1 776 B 15 482 M 15 482 M
P/E ratio 2022 5,16x
Yield 2022 4,80%
Capitalization 1 683 B 14 735 M 14 675 M
EV / Sales 2022 0,49x
EV / Sales 2023 0,47x
Nbr of Employees 42 882
Free-Float 97,2%
Chart MARUBENI CORPORATION
Duration : Period :
Marubeni Corporation Technical Analysis Chart | 8002 | JP3877600001 | MarketScreener
Technical analysis trends MARUBENI CORPORATION
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 11
Last Close Price 969,00 JPY
Average target price 1 091,82 JPY
Spread / Average Target 12,7%
EPS Revisions
Managers and Directors
Masumi Kakinoki President, CEO & Representative Director
Takayuki Furuya CFO, Representative Director & Head-IR
Fumiya Kokubu Chairman
Mutsumi Ishizuki Representative Director & Chief Compliance Officer
Takao Kitabata Independent Outside Director
Sector and Competitors
1st jan.Capi. (M$)
MARUBENI CORPORATION41.23%14 873
MITSUBISHI CORPORATION45.61%48 389
ITOCHU CORPORATION13.33%43 617
MITSUI & CO., LTD.38.16%37 417
ADANI ENTERPRISES LIMITED227.71%23 531
SUMITOMO CORPORATION18.86%18 138