Oil Refiner Eneos Considers IPO for Its Metals Unit, Nikkei Says
- Company is mulling spinoff of JX Nippon Mining, paper says
- Eneos may announce proposal Thursday in management plan
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Japanese oil refiner Eneos Holdings Inc. is considering the spinoff of its metals unit, JX Nippon Mining & Metals Corp., as the company increases its focus on renewable energy, according to a Nikkei report.
Eneos will also weigh listing the unit, Nikkei reported Wednesday, without citing anyone. The company is expected to keep a stake after the spinoff, and still has to decide how much it will sell, the report said.