Brenntag AG has acquired a majority stake of 65 percent of shares in Raj Petro Specialities Pvt Ltd, India, by closing the first tranche.
The agreement was signed in December 2017. With the closing, the two companies now enter into a 65/35 joint venture with the remaining 35 percent to be gained by Brenntag after a period of 5 years.
Raj Petro Specialities, headquartered in Mumbai and Chennai, distributes its own-blended brands of petroleum-related products to diverse customer industries in India and other countries in Asia Pacific as well as in Africa and the Middle East.
Brenntag AG has acquired a majority stake of 65 percent of shares in Raj Petro Specialities Pvt Ltd, India, by closing the first tranche.
The agreement was signed in December 2017. With the closing, the two companies now enter into a 65/35 joint venture with the remaining 35 percent to be gained by Brenntag after a period of 5 years.
Raj Petro Specialities, headquartered in Mumbai and Chennai, distributes its own-blended brands of petroleum-related products to diverse customer industries in India and other countries in Asia Pacific as well as in Africa and the Middle East.
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