JX Holdings Inc (5020.T)
* Deal for one-third of Showa Shell worth around $1.4 bln - Nikkei
TOKYO JX Holdings, Japan's top oil refiner, is not seeking alternative crude oil to offset supply cuts by global producers, its top official said on Thursday.
* Aiming for 97,000 T of copper concentrate output in current FY
TOKYO, Aug 31 JX Holdings Inc, Japan's biggest oil refiner by sales, has agreed to pay about 352 billion yen ($3.4 billion) in stock for TonenGeneral Sekiyu KK , the country's third-largest refiner by sales.
TOKYO Japan's top oil refiner by sales, JX Holdings, and third-ranked TonenGeneral Sekiyu are set to finalize details on Wednesday for a new merged company to be formed in April 2017.