TOKYO Oct 13 Japanese refiner Idemitsu Kosan Co Ltd is likely to delay its planned acquisition of Showa Shell Sekiyu, a source with direct knowledge of the matter said. The move comes after fierce opposition from the Idemitsu founding family to the acquisition.
Both companies are set to make a formal decision on the matter on Thursday, said the source who declined to be identified before a formal announcement of the move.
Japanese media reported that the firms would hold a news conference later in the day.
(Reporting by Taiga Uranaka and Yuka Obayashi; Editing by Edwina Gibbs)
UPDATE 1-Congo gov't supports Freeport sale of Tenke copper mine - minister
KINSHASA, Oct 27 Democratic Republic of Congo's mines minister said on Thursday that the government "salutes and supports" China Molybdenum Co's bid to buy Freeport McMoRan's majority stake in the giant Tenke copper project despite objections from state miner Gecamines.
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