JPMorgan Fund To Acquire Shares In Nippon Gas

Nippon Gas Co., Ltd., a listed retailer of gaseous energy, announced that it will issue new shares and dispose treasury stock through a third-party allotment underwritten by One Equity Partners, an investment banking group of JPMorgan Chase & Co. OEP, paying 10.35 billion yen, will become the largest shareholder (18.53%). The fund plans to contribute to the energy company by proposing overseas investment projects as well as dispatching an executive as a director of the company.