Osaka Gas Company., Ltd.

9532

JP3180400008

Natural Gas Utilities

Market Closed - Japan Exchange Other stock markets 02:00:00 2024-04-26 am EDT			5-day change	1st Jan Change
3,422 ^JPY	-0.23%		+6.31%	+16.20%

Apr. 25	Enechain Corporation announced that it has received ¥6 billion in funding from a group of investors	CI
Apr. 25	Nikkei says Soros Fund Among Investors In Japan Electricity Exchange Startup	RE

CMA issues initial enforcement order on Pennon for SES Water

January 11, 2024 at 07:06 am EST

Pennon Group PLC - Exeter-based water utility - The UK Competition & Markets Authority says that on Monday it served an initial enforcement order on Pennon in relation to the FTSE 250 company's agreement to buy Sutton & East Surrey Water PLC, which Pennon announced on Wednesday. Pennon said it agreed to buy Sumisho Osaka Gas Water UK Ltd and related businesses from Sumitomo Corp and Osaka Gas for GBP89 million, with the deal representing an enterprise value including debt of GBP380 million. Sumisho Osaka owns Sutton & East Surrey Water, or SES Water. An initial enforcement order requires the companies to take no irreversible action while the CMA determines whether it will investigate the deal for competition concerns.

Current stock price: 737.00 pence

12-month change: down 23%

By Tom Waite, Alliance News editor

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
FTSE MID 250 INDEX	19,824 PTS	+1.13%	+2.23%	-
SUMITOMO CORPORATION	3,909 JPY	+1.35%	+5.05%	30.34B
OSAKA GAS COMPANY., LTD.	3,422 JPY	-0.23%	+6.31%	8.89B
PENNON GROUP PLC	665.5 GBX	+1.45%	+0.68%	2.37B

Latest news about Osaka Gas Company., Ltd.

Enechain Corporation announced that it has received ¥6 billion in funding from a group of investors	Apr. 24	CI
Nikkei says Soros Fund Among Investors In Japan Electricity Exchange Startup	Apr. 25	RE
Wall Street Cues, Earnings Outlook Elevate Asian Stock Markets	Apr. 23	MT
Japan's Nikkei rises but caution before US earnings caps gains	Apr. 22	RE
Japan's Nikkei rises after sharp fall, chip-related shares cap gains	Apr. 21	RE
Japanese consortium to invest $370 mln in I Squared Capital's India natural gas platform	Apr. 15	RE
Natural Gas Transition Platform announced that it expects to receive $370 million in funding from I Squared Capital Advisors, LLC, Osaka Gas Co., Ltd., Sumitomo Corporation, Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development	Apr. 14	CI
Osaka Gas sees little impact from Freeport LNG's partial shutdown	Mar. 27	RE
Mitsubishi Teams Up with Engie and Others For Global e-NG Coalition	Mar. 20	MT
Mitsubishi, 7 others to form coalition to promote electric natural gas	Mar. 18	RE
TotalEnergies, Engie, Others Form Coalition to Support Use of E-natural Gas	Mar. 18	MT
TotalEnergies Forms Coalition With 7 Companies to Support E-Natural Gas Development	Mar. 18	DJ
TotalEnergies, 7 Other Firms Launch E-Natural Gas Coalition	Mar. 18	MT
TotalEnergies: creation of an e-gas coalition	Mar. 18	CF
RWE: EU approves the creation of a joint venture	Mar. 12	CF
European Commission Approves Wind Farm JV by RWE, Mitsui, Osaka Gas	Mar. 12	MT
Central Bank Outlooks Lift Asian Stock Markets	Mar. 08	MT
Osaka Gas to Cancel 1.6% of Issued Shares	Mar. 08	MT
Osaka Gas to Set Up Audit, Supervisory Committee	Mar. 08	MT
UK CMA starts merger inquiry into Pennon acquisition	Mar. 07	AN
UK Antitrust Watchdog Initiates Probe into Pennon Group's Purchase of Sumisho Osaka Gas Water UK	Mar. 07	MT
Tranche Update on Osaka Gas Co., Ltd.'s Equity Buyback Plan announced on October 27, 2023.	Feb. 29	CI
Osaka Gas Co., Ltd.'s Equity Buyback announced on October 27, 2023, has closed with 6,767,900 shares, representing 1.63% for ¥19,999.94 million.	Feb. 28	CI
FTSE 100 Ends Flat After Positive News From China	Feb. 27	DJ
UK Competition Watchdog Invites Comments on Pennon Group's Purchase of Sumisho Osaka Gas Water	Feb. 27	MT

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Company Profile

Osaka Gas Company, Ltd. specializes in distributing natural gas. Net sales break down by activity as follows: - transmission and distribution of natural gas (84%). The group also develops an installation of gas pipes activity; - other (11.7%): primarily development and promotion of real estate assets. The remaining sales (4.3%) are from the energy activity ensured abroad.

Sector

Natural Gas Utilities

Calendar

2024-05-07 - Q4 2024 Earnings Release

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Nikkei 225

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Ratings for Osaka Gas Company., Ltd.

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ESG Refinitiv

B-

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Sell

Buy

Mean consensus

BUY

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Last Close Price

3,422 JPY

Average target price

3,708 JPY

Spread / Average Target

+8.36%

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Sector Other Natural Gas Utilities

	1st Jan change	Capi.
OSAKA GAS COMPANY., LTD.	+16.20%	8.89B
ATMOS ENERGY CORPORATION	+0.89%	17.64B
GAIL INDIA LIMITED	+28.35%	16.4B
ADANI TOTAL GAS LIMITED	-6.96%	12.12B
TOKYO GAS CO., LTD.	+10.84%	9.16B
PETRONAS GAS	+3.56%	7.48B
APA GROUP	-2.58%	6.96B
ALTAGAS LTD.	+8.30%	6.51B
CHINA GAS HOLDINGS LIMITED	-5.97%	5.03B
NATIONAL FUEL GAS COMPANY	+7.30%	4.96B

Other Natural Gas Utilities

Osaka Gas Company., Ltd.

Equities

9532

JP3180400008

Natural Gas Utilities

CMA issues initial enforcement order on Pennon for SES Water

Stocks mentioned in the article

EPS Revisions