Shell completes the sale of its shareholding in Showa Shell to Idemitsu

Shell has completed the sale of a 31.2% shareholding in Showa Shell Sekiyu K.K. to Idemitsu Kosan Co. Ltd. for a total amount of JPY159 billion (approximately US$1.4 billion). Completion follows anti-trust approval from the Japan Fair Trade Commission.
John Abbott, Shell Downstream Director, said: “Shell has enjoyed a long and valuable partnership with Showa Shell since the year 1900. …