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  • Tue, Oct. 18, 3:53 AM
    • Shell's (NYSE:RDS.A) sale of a 33% stake in Japanese refining partner Showa Shell to domestic rival Idemitsu Kosan (OTC:IDKOF) in a $1.6B deal could be held up because of a wider plan for a total merger of the Japanese companies, analysts warn.
    • Any delay in the smaller deal would do no good for Shell's plans to sell $30B of assets by 2018 as it looks to slash its $75B of debt, a large chunk of which it the company took on after it bought British peer BG Group for $50B in January.
    • By June, Shell had sold just $1.5B in assets.
    | Tue, Oct. 18, 3:53 AM | 14 Comments