Topic

Itochui

Japan's Itochu Group, which includes the Itochu Corporation, is among the world’s biggest companies, with more than 700 subsidiaries.

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  • Resource-poor Japan is reliant on the Middle East for 90 per cent of its crude oil imports, but Sakhalin 1 is an important alternative, industry minister said
  • The move comes amid international sanctions on Russia over its invasion of Ukraine and follows US ExxonMobil’s withdrawal from the project and UK Shell’s exit

Japanese trading giant Itochu and Thailand's Charoen Pokphand Group (CP) are buying a 20 per cent stake in Citic, China's largest conglomerate, for HK$80.3 billion.

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