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Shell says still committed to Showa Shell stake sale

Thu, 13th Oct 2016 09:36

LONDON, Oct 13 (Reuters) - Royal Dutch Shell saidit remained fully committed to selling the majority of its stakein Japanese venture Showa Shell to refiner Idemitsu after the two Japanese entities announced a delay of aplanned merger.

"As today's statement from Idemitsu makes clear, there is nochange to the timetable for the share sale and it remainssubject only to regulatory approval," a Shell spokesman said.

Idemitsu and Showa Shell announced the merger delay onThursday citing to a lack of progress in talks with some of thestakeholders involved. (Reporting by Karolin Schaps. Editing by Jane Merriman)

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