Mitsui O.S.K.Lines: MOL Logistics Becomes Wholly Owned Subsidiary of MOL

Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto) today announced that a consolidated subsidiary of MOL Group, MOL Logistics, Co., Ltd. (MLG; President: Koichi Yashima; Headquarters: Chiyoda-ku, Tokyo), acquired its issued shares held by its shareholders, and became a wholly owned subsidiary of MOL as of November 7, 2022.

MOL aims to strengthen group management by consolidating the group’s management resources in a more robust manner. It strives to sustainably increase corporate value of MLG by not only strengthening its business but also generating synergistic effects.