The hot streak of multi-billion dollar mergers and acquisitions among major family businesses this year shows no signs of cooling with separate integrations involving Japan’s oil family Idemitsu and India’s steel family Tata.
Idemitsu Kosan, Japan’s second-largest oil wholesaler, is controlled by the founding Idemitsu family. Discussions have resumed with the country’s fourth-ranked rival refiner Showa Shell Sekiyu for a “business integration to enhance the corporate value of both companies,” Idemitsu Kosan said.
