Founding family increases holding in Japanese refiner Idemitsu to over 28%

Founding family increases holding in Japanese refiner Idemitsu to over 28%

A signboard of Idemitsu Kosan Co is seen in Tokyo, Japan. REUTERS/Kim Kyung-Hoon/Files

Idemitsu Kosan’s founding family, which is locked in a battle with the firm’s management over a proposed buyout of a rival, said on Monday that it had increased its stake in the Japanese refiner to more than 28 percent.

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