Japan oil distributor Idemitsu to buy 33% stake in rival Showa Shell

Tsuyoshi Kameoka (L), chief executive officer of Showa Shell Sekiyu K.K., and Takashi Tsukioka, chief executive officer of Idemitsu Kosan Co., hold a joint news conference at a hotel in Tokyo on July 30, 2015. They announced that Idemitsu, Japan's second-largest oil distributor, will acquire about a 33 percent stake in Showa Shell Sekiyu from Royal Dutch Shell PLC for around 169 billion yen ($1.4 billion). (Kyodo) ==Kyodo

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2015/7/30 19:16:40

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Kyodo / Kyodo News Images

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