30th Jul 2015 05:42
LONDON (Alliance News) - Japanese oil refiner Idemitsu Kosan Co Ltd is understood to have agreed a GBP833 million deal to acquire Royal Dutch Shell PLC's 33% stake in Showa Shell Sekiyu, a smaller Japanese refining company, according to Reuters citing a Nikkei report.
The deal is expected to be announced on Friday.
Shell was not available for immediate comment on the report, while Idemitsu declined to comment.
http://uk.reuters.com/article/2015/07/30/uk-showa-shell-m-a-idemitsu-kosan-idUKKCN0Q40DF20150730
By Sam Unsted; [email protected]; @SamUAtAlliance
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