December 19, 2016 / 5:14 AM / in 7 months

Japan FTC to brief on Idemitsu's planned takeover of Showa Shell

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TOKYO, Dec 19 (Reuters) - Japan's Fair Trade Commission said it would hold a news conference at 4 p.m. (0700 GMT) on Monday regarding its decision on whether to approve Idemitsu Kosan Co's planned takeover of rival refiner Showa Shell.

The prospect of a successful takeover remains uncertain, however, as the Idemitsu founding family threatens to veto it once it is put up for shareholders' approval.

Reporting by Taiga Uranaka; Editing by Chang-Ran Kim

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