The Competition Commission of India has approved the proposed acquisition of 100% equity share capital of Raj Petro Specialities Private Limited by Shell Deutschland GmbH and Shell Overseas Investments B.V.

The proposed combination envisages acquisition of 100% equity share capital of Raj Petro Specialities Private Limited (Raj Petro Specialities) by Shell Deutschland GmbH and Shell Overseas Investments B.V.

Shell Plc is the ultimate parent company of the Shell Group of companies. Shell Group is a global group of energy and petrochemical companies, active in oil and gas exploration, production, manufacturing, marketing and shipping of oil products and chemicals, as well as renewable energy products. The acquirer group is also engaged in manufacture and sale of various lubricants globally as well as in India.

Raj Petro Specialities is a manufacturer of hydrocarbon chemistry based high performance petro-speciality products, which are based on fully refined crude derivative feedstocks.

Detailed order of the Commission will follow.

Merger clearance: competition authority approves Shell entities' acquisition of Raj Petro Specialities, noting detailed order to follow. Competition approval granted for the proposed combination in which Shell Deutschland GmbH and Shell Overseas Investments B.V. seek to acquire the entire equity of Raj Petro Specialities Private Limited, a manufacturer of hydrocarbon chemistry-based high performance petro speciality products. The acquirer group, part of the Shell Group, is active in oil and gas and in manufacture and sale of lubricants in India. The Commission notes a detailed order will follow, conveying regulatory clearance under the merger control framework.