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Idemitsu Kosan postpones purchase of Showa Shell shares from Royal Dutch Shell

( November 14, 2016, 06:43 GMT | Official Statement) -- MLex Summary: Idemitsu Kosan, a Japanese oil company, has postponed a plan to buy a stake of around 33 percent in Showa Shell Sekiyu from Royal Dutch Shell until the end of January next year, as the Japan Fair Trade Commission continues to assess the merger. Idemitsu Kosan is "continuously discussing" the matter "with the relevant authorities" and Royal Dutch Shell, the company said in a statement today. The share acquisition is contingent upon completion of the JFTC review, according to the statement. The statement, in English and Japanese, is attached. ...

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