Royal Dutch Shell Plc  .com Rotating Header Image

Shell says it remains committed to Showa Shell stake sale despite hangup

screen-shot-2016-10-13-at-21-26-13

Oct 13 2016, 14:58 ET | By: Carl Surran, SA News Editor

Royal Dutch Shell (RDS.A, RDS.B) says it remains committed to selling the majority of its stake in Japanese venture Showa Shell to refiner Idemitsu after the Japanese entities announced an indefinite delay of a planned merger.

The founding family of Idemitsu, which controls a 33.9% stake in the refinery, opposes the merger, although the company says it has not changed its plan to buy a one-third stake in Showa Shell for ~¥170B ($1.7B) this month or next.

Idemitsu reportedly plans to talk with Shell about its planned purchase, given the postponement of the full acquisition.

SOURCE

royaldutchshellplc.com and its also non-profit sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

0 Comments on “Shell says it remains committed to Showa Shell stake sale despite hangup”

Leave a Comment

%d bloggers like this: