Product Category

Home >> News Center

Brenntag to acquire controlling stake in Indian oil company

2018-1-24

 German specialty chemicals distributor Brenntag AG will form a joint venture with an Indian distributor of specialty oils, Raj Petro Specialities Pvt. Ltd.

Raj Petro distributes petroleum-related products, including transformer oils, to diverse industries in India and other countries in Asia Pacific, Africa and the Middle East, reports VC Circle.

Brenntag will buy a 65% in the first tranche which is expected to be closed by April 2018, and the remaining 35% through the second tranche after five years.

The business will be operated as a joint-venture in the five-year interim period.

Source: VC Circle

  • LS Cable & System is the first in Korea to make inroads into the South American submarine cable[2013-3-17]
  • CG wins $105M transformer order from PT PLN Indonesia[2017-1-22]
  • Upper Palatinate technology for electricity pylons of the future[2021-11-18]
  • New transmission line and substation approved in Illinois[2017-2-15]
  • U.S. government examines transformer manufacturers[2023-4-19]