Showa Shell Sekiyu KK (5002.T)
23 Jan 2017
TOKYO Idemitsu Kosan Co said on Monday it completed the purchase of just under a third of rival refiner Showa Shell Sekiyu KK , cutting the amount of shares it planned to buy after facing opposition from Idemitsu's founding family.
TOKYO Japanese refiner Idemitsu Kosan Co Ltd said on Monday it has completed its planned acquisition of 31.3 percent of rival Showa Shell Sekiyu KK from Royal Dutch Shell PLC .
TOKYO Japanese refiner Idemitsu Kosan Co will acquire one-third of Showa Shell by the end of the year, and the anti-monopoly watchdog is expected to approve their merger proposal as early as next week, the Nikkei business daily said on Saturday.
* Deal for one-third of Showa Shell worth around $1.4 bln - Nikkei
Nov 14 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:
Nov 14 The following bids, mergers, acquisitions and disposals were reported by 1045 GMT on Monday:
Nov 14 Britain's FTSE 100 index is seen opening up 55 points at 6,785 on Monday, according to financial bookmakers, with futures up 1.04 percent ahead of the cash market open.
TOKYO Japanese oil 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 is still under way.
* Postponement latest setback in drawn-out merger attempt (Adds details, comment from news conference)
Nov 14 Britain's FTSE 100 index is seen opening up 55 points at 6,785 on Monday, according to financial bookmakers. * The UK blue chip index closed 1.4 percent lower at 6,730.43 points on Friday, dragged down by a sell-off in emerging markets that hit shares of companies exposed to those regions, as investors digested the implications of Donald Trump's victory in the U.S. presidential election. * SHIRE: Shire, a drugmaker specialising in rare diseases, aims to double As