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Nippon Oil, SK Corp. to Form Alliance, Buy Shares (Update4)
Nippon Oil Corp. and SK Corp., the biggest refiners in Japan and South Korea, agreed to buy each other’s stock and form an alliance as competition with China and India intensifies.
The companies may increase cross-shareholdings from an initial 1 percent, Nippon Oil’s President Shinji Nishio told reporters in Tokyo today. A 10-year accord, linking companies [...]
