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