Sojitz injects A$467m into energy infrastructure subsidiaries

Sojitz Corporation announced it will inject capital into three energy and infrastructure investment subsidiaries through third-party share allocations.

The capital increases will push SCC2 and SCC4's combined capital from A$110.0 million to a maximum of A$343.8 million, while CII will see its capital rise from A$55.6 million to a maximum of A$289.4 million.

The capital amounts will exceed 10% of Sojitz's capital, classifying all three as specified subsidiaries. The company expects minimal impact on consolidated results.