Japan refiner Idemitsu finalizes deal to buy out Showa Shell

Japan refiner Idemitsu finalizes deal to buy out Showa Shell
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18.10.2018

MOSCOW (MRC) - Japanese oil refiner Idemitsu Kosan (5019.T) on Tuesday finalized a deal to buy out Showa Shell Sekiyu (5002.T) through a share swap in a deal worth about USD5.6 billion, as per Hydrocarbonprocessing.Shares in the two companies, which had run up strongly ahead of the integration, initially fell sharply on details of the deal before closing down around 3 percent in a firmer

Full article at mrcplast.com

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