• Bloomberg


Abu Dhabi’s International Petroleum Investment Co. will buy a 20.85 stake in Cosmo Oil Co. of Japan, expanding in Asia’s second-biggest fuel market, Cosmo Oil said Tuesday.

Infinity Alliance Ltd., wholly owned by IPIC, will pay ¥89.2 billion for 176 million new Cosmo shares, the company said in a statement to the Tokyo Stock Exchange. The Abu Dhabi investment agency will become Cosmo’s largest shareholder.

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