Tuesday, August 30, 2016

UPDATE 1-JX values takeover of rival oil refiner TonenGeneral at $3.4 bln

TOKYO, Aug 31 (Reuters) - JX Holdings Inc, Japan's

biggest oil refiner by sales, has agreed to pay about 352

billion yen ($3.4 billion) in stock for TonenGeneral Sekiyu KK

, the country's third-largest refiner by sales.

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