Brazil’s Raizen to acquire Shell’s lubricant business in Brazil – filing

Industry:    2021-06-08

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

In a securities filing on Monday, Cosan said 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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