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Japan's Idemitsu Pushes Forward With $1.4B Showa Shell Buy

By Chelsea Naso (December 19, 2016, 11:47 AM EST) -- Japan-based oil refiner Idemitsu Kosan Co. Ltd. on Monday sealed its acquisition of a 31.2 percent stake in Royal Dutch Shell PLC-owned Japanese energy company Showa Shell Sekiyu for 159 billion yen ($1.36 billion), after gaining regulatory approval and settling the shareholder disputes that had previously delayed the transaction....

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