Japan's Idemitsu, Showa Shell to merge key ops despite core investor opposition

Japan's Idemitsu, Showa Shell to merge key ops despite core investor opposition

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

Japanese refiners Idemitsu Kosan and Showa Shell Sekiyu will combine management of their key businesses, an Idemitsu spokesman said on Tuesday, pursuing a merger bitterly opposed by a core investor – Idemitsu‘s founding family.

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