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

(Reuters) Brazilian energy company Raizen, a joint venture between Royal Dutch Shell Plc (RDSa.L) and local group Cosan SA (CSAN3.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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