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Exxon to sell UK lubricants unit Comma to Cosan

03.01.2012  | 

Cosan SA Industria e Comercio, Brazil's largest sugar and ethanol company by revenue, said Thursday that it signed an agreement to acquire lubricant maker Comma Oil and Chemicals, a unit of ExxonMobil. Comma produces and distributes vehicles lubricants in the UK.

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Cosan SA Industria e Comercio, Brazil's largest sugar and ethanol company by revenue, said Thursday that it signed an agreement to acquire lubricant maker Comma Oil and Chemicals, a unit of ExxonMobil.

Cosan, which didn't disclose the exact price of the acquisition, said it will pay less than $100 million.

Comma produces and distributes vehicles lubricants in the United Kingdom, Cosan said.


Dow Jones Newswires



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