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Raizen acquires Shell’s lubricant business in Brazil
Raizen acquires Shell’s lubricant business in Brazil
The Brazilian energy company has been operating as Shell s exclusive lubricants sales agent in the country since 2011. The 10-year contract’s expiration resulted in the new deal.
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Brazilian energy company Raizen, a joint venture between Royal Dutch Shell Plc and local group Cosan SA, agreed to acquire Shell s entire lubricant businesses in Brazil, report several media. The deal includes a blending plant and a terminal in the state of Rio de Janeiro.
The agreement signifies the acquisition of the entirety of Shell s lubricants business in Brazil by Raizen, said Cosan on Monday. No figures were given on the transaction. ....

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