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Japan's Idemitsu, Showa Shell have not decided on capital tie-up

Thursday, December 8, 2016 - 05:50

Tokyo

JAPANESE oil refiners Idemitsu Kosan and Showa Shell Sekiyu said they have not decided on a capital and business tie-up as reported by some media organisations, and that they are still working towards an eventual merger.

The Nikkei business daily reported earlier on Wednesday

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