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AFX News Limited: Japan’s Showa Shell’s 3rd-biggest stockholder to sell 9.2 mln shares

11.28.2006, 03:08 AM

TOKYO (XFN-ASIA) – Japan Trustee Service Bank, the third-biggest shareholder in oil refiner Showa Shell Sekiyu KK, will sell 9.2 mln shares that it holds in the company, Showa Shell said.

Showa Shell, which is affiliated to Royal Dutch Shell, said this was meant to increase the number of individual investors.

It said the offering price would be decided between Dec 12 and Dec 14.

At present, Japan Trustee Service Bank holds 28.66 mln shares in Showa Shell.

(1 usd = 116.14 yen)

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