News, Culture & Society

BRIEF- Founding family ups stake in Idemitsu to over 28…

TOKYO, Dec 18 (Reuters) –

* Founding family of Idemitsu Kosan has increased stake in Idemitsu to above 28 percent by buying shares, lawyer representing family says

* Founding family remains firmly opposed to the integration of Idemitsu and fellow refiner Showa Shell Sekiyu, Yohei Tsuruma says in statement

* Idemitsu said in August that the new share sale had diluted the founding family’s stake in Idemitsu to about 26 percent, from more than a third previously, eliminating its ability to veto the proposed integration with Showa Shell (Reporting by Osamu Tsukimori)

Sorry we are not currently accepting comments on this article.