Idemitsu Kosan, Comment on Certain Media Report Released on December 20, 2014

abarrelfullabarrelfull wrote on 29 Dec 2014 09:01
Tags: asia idemitsu japan refinery shell


On December 20, 2014, certain media reported that Idemitsu Kosan Co.,Ltd.("Idemitsu") might acquire shares of Showa Shell Sekiyu K.K., Idemitsu has not made any announcement in this regard. Idemitsu is considering wide-scale business restructuring, and the two companies are discussing potential cooperation. However, no formal decision has been made regarding such cooperation.

Idemitsu will make an announcement at the appropriate time, once any formal decision has been reached regarding any matter that we are obliged to disclose.


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