Shell Completes $1.4 Billion Showa Stake Sale

Royal Dutch Shell completed the sale of its one-third stake in Showa Shell Sekiyu to Idemitsu Kosan following delayed Japanese authority approval, completing a move that would diminish its century-old relationship with the Japanese oil refiner. Shell sold 31.2% of its stake in the Tokyo-based Showa Shell for A 158.9 billion , lowering the sale from the initially planned 33.24%.