Raizen to Acquire Shell’s Lubricant Business in Brazil

Raizen to Acquire Shell’s Lubricant Business in Brazil

Brazilian energy company Raizen, a joint venture between Royal Dutch Shell Plc and local group Cosan SA, has announced the acquisition of Shell’s lubricant businesses in Brazil, including a blending plant and a terminal in the state of Rio de Janeiro, according to Reuters.

Cosan stated that the agreement signifies “the acquisition of the entirety of Shell’s lubricants business in Brazil by Raizen,” although no figures were given.

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