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Stock impact report

Citadel Buys Goldman Alum's Company to Trade Power in Japan [Yahoo! Finance]

BP p.l.c. (BP) 
Last bp p.l.c. earnings: 4/29 04:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Most Read from Bloomberg Supreme Court Poised to Allow Emergency Abortions in Idaho SpaceX Tender Offer Said to Value Company at Record $210 Billion Supreme Court Ends OxyContin Settlement, Cracking Sackler Shield China's Finance Elite Face $400,000 Pay Cap, Bonus Clawbacks Bolivia's President Arce Swears in New Army Chief After Coup Bid The acquisition of Tokyo-based Energy Grid is expected to close in the third quarter, the company said in a statement Friday. Pricing details of the deal weren't disclosed. Japan's power industry, which was liberalized in 2016, is attracting more overseas firms as volatility increases due to extreme weather, a transition away from fossil fuel, and the resumption of some nuclear reactors. Firms need to be onshore and licensed to begin physical power trading, which allows them access to a larger market. BP Plc and Engie SA both launched Japan power trading desks in Tokyo last year. Energy Grid was founded in 2021 by a former Goldman Sac Show less Read more
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