Shell Overseas Holdings Ltd. signed memorandum of understanding to acquire Shell Lubricants Japan K.K. and certain assets and rights from Idemitsu Kosan Co.,Ltd. (TSE:5019) on March 9, 2020. Shell Overseas Holdings Ltd. entered into a share purchase agreement to acquire Shell Lubricants Japan K.K. and certain assets and rights from Idemitsu Kosan Co.,Ltd. on August 6, 2020. Board of directors of Idemitsu Kosan Co.,Ltd. resolved the transaction. The transaction is contingent upon the completion of the Japan Fair Trade Commission’s corporate merger review and schedule date of share transfer is the end of December 2020. Natsuko Sugihara, Masafumi Shikakura, Tatsuhiko Kamiyama, and Richard Blewett, of Clifford Chance acted as legal advisors to Shell Overseas. Shell Overseas Holdings Ltd. completed the acquisition of Shell Lubricants Japan K.K. and certain assets and rights from Idemitsu Kosan Co.,Ltd. (TSE:5019) on December 30, 2020.