Idemitsu to again delay purchase of Showa Shell shares from Royal Dutch Shell: Nikkei
[TOKYO] Japanese refiner Idemitsu Kosan will again delay its planned purchase of Showa Shell Sekiyu shares from Royal Dutch Shell because a review by the Japan Fair Trade Commission remains ongoing, the Nikkei newspaper said.
Idemitsu will postpone the purchase of the 33.24 per cent stake until end-January, the Nikkei said without citing sources, from the current target of end-November.
Idemitsu said it would make an announcement about the timing of its purchase of Showa Shell shares at 0600 GMT on Monday, without elaborating.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Pricey coffee is here to stay as hoarding, heat hit Vietnam supply
Oil settles higher as weak US economic growth offset by supply concerns
India's Vedanta misses Q4 profit estimates on lower prices
BHP targets Anglo American in bid valuing miner at US$39 billion
China's Sinopec charts global expansion with refinery in rival India's backyard
Gold trades in tight range as market focuses on US economic data