Eneos unit to sell South Korea copper smelter stake for $730m

TOKYO -- JX Nippon Mining & Metals, a unit of Japan's top oil refiner Eneos Holdings, on Thursday announced plans to sell its entire 49.9% holding in South Korean copper smelter LS-Nikko Copper for 930 billion won ($730 million).

The stake held by Japan Korea Joint Smelting, a unit of JX Nippon Mining, will be sold to South Korean conglomerate LS Group, which already owns the rest of LS-Nikko Copper.