Shell To Sell 75% Stake in Chinese Tongyi Lubricants to Carlyle, Huo Group

Shell To Sell 75% Stake in Chinese Tongyi Lubricants to Carlyle, Huo Group HONG KONG— Carlyle Group LP agreed to buy a majority stake in a Chinese oil-lubricants business from Royal Dutch Shell PLC, giving the private-equity firm a rare deal for control of a company in China’s energy industry. Shell, which is shedding assets […]

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