Raizen to acquire Shell's lubricant business in Brazil.

Raizen, an energy company, agreed to acquire the lubricant business in Brazil from Shell, an oil and gas company. Financial terms were not disclosed. The sale is subject to approval by the Brazilian Antitrust Authority. The acquisition includes the lubricant blending plant in Ilha do Governador and the terminal in Duque de Caxias, both in Rio de Janeiro. It also includes the distribution chain and related agreements.