December 20, 2016
Volume 6 Issue 37
Idemitsu Buys 31 Percent of Showa Shell
Idemitsu Kosan Co. closed a ¥159 billion (approximately U.S. $1.4 billion) acquisition of 31.3 percent of fellow Japanese refiner Showa Shell Sekiyu K.K. yesterday upon antitrust clearance, granting it a stake just shy of its original one-third target.