June 27, 2018 / 5:27 AM / 3 months ago

Idemitsu family to accept Showa Shell merger - Nikkei

TOKYO, June 27 (Reuters) - Idemitsu Kosan Co’s founding family will drop its opposition to plans for a merger with Showa Shell Sekiyu KK after a long standoff, paving the way for the Japanese oil firms to combine next spring, Nikkei reported on Wednesday.

A spokesman for the Idemitsu family couldn’t confirm the report. (Reporting by Chris Gallagher and Osamu Tsukimori; Editing by Muralikumar Anantharaman)

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