Deals
Japan Refiners Surge as Idemitsu and Showa Shell Hold Talks
This article is for subscribers only.
Japan’s refiners surged after two of the largest said they were discussing a tie-up, as falling demand for fuels spurs the industry to consider consolidation.
Idemitsu Kosan Co., Japan’s third-biggest refiner by capacity, and Showa Shell Sekiyu KK, the fifth-ranked, are holding talks, the companies said in separate statements Dec.