Raizen acquires Shell's lubricant business in Brazil

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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