July 30, 2015, Tokyo, Japan - Petrol station operated by the Idemitsu Kosan is seen in Tokyo on July 30, 2015. Idemitsu Kosan plans to buy a 1/3 stake in Showa Shell Sekiyu from Royal Dutch Shell. Idemitsu Kosan Co Ltd. is currently Japan's second biggest oil refiner with Showa Shell ranked fifth. Idemitsu Kosan will pay approximately $1.4 billion for the stake, and the deal should see it competing for the number one spot in the competitive Japanese market. Shell will retain a small stake in Show Shell and will benefit from the influx of capital. Pending approval the deal is expected to be complete in 2016. (Photo by AFLO)

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Idemitsu Kosan to buy $1.4 billion stake in Showa Shell
July 30, 2015, Tokyo, Japan - Petrol station operated by the Idemitsu Kosan is seen in Tokyo on July 30, 2015. Idemitsu Kosan plans to buy a 1/3 stake in Showa Shell Sekiyu from Royal Dutch Shell. Idemitsu Kosan Co Ltd. is currently Japan's second biggest oil refiner with Showa Shell ranked fifth. Idemitsu Kosan will pay approximately $1.4 billion for the stake, and the deal should see it competing for the number one spot in the competitive Japanese market. Shell will retain a small stake in Show Shell and will benefit from the influx of capital. Pending approval the deal is expected to be complete in 2016. (Photo by AFLO)

Filename: aflo_ytxa004717.jpg
Photographer:
Source: AFLO
Date 30 Jul 2015
Location: Tokyo Japan
Credit: AFLO
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Property Release: No
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Keywords:
acquisition
business
shell
oil
petrol
japan