Idemitsu Kosan Co Ltd (5019.T)
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
* Already set to be shut next spring for planned maintenance (Adds detail in second and fifth paragraphs)
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)