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Shell secures India clearance to acquire Raj Petro Specialities

( March 6, 2025, 00:30 GMT | Official Statement) -- MLex Summary: Global energy major Shell has secured approval in India for the acquisition of Raj Petro Specialities, a manufacturer of lubricants and specialty oils. The Competition Commission of India approved Shell Deutschland and Shell Overseas Investments to acquire 100 percent of the domestic lubricant manufacturer in a statement issued yesterday. In their merger filing, the parties had informed the CCI that although there were horizontal overlaps in the market for lubricants and potential vertical relationship with respect to base oils, a raw material for manufacturing lubricants, the "combination will not cause any adverse effect on competition in the Indian markets." The statement from the Competition Commission of India follows:...

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