Lakshmikumaran & Sridharan Attorneys (LKS) acted as legal counsel to Brenntag Group on the sale of 100% of Raj Petro Specialities Pvt. Ltd. to Shell Group
Their role included end-to-end transactional support comprising: legal due diligence, drafting and negotiating transaction documentation, execution assistance, and deal closing coordination.
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The LKS deal team was led by:
Srabonee Roy, Partner (M&A & Corporate)
Hima Swetha, Associate
Annanya Elhence, Associate
Additionally supported by the Competition & Antitrust team:
Neelambera Sandeepan, Partner
Charms Matthew, Associate
On the other side, Dua Associates advised Shell Group, led by Sunil Malik (Senior Advisor), with partners Prateek Bedi and Nityashjit Kaur, and guided through competition approval.
Al Tamimi & Co also provided advisory support on UAE aspects.
Deal Overview
Feature | Details |
|---|---|
Seller (Advisor) | Brenntag Group (Counsel: LKS) |
Buyer | Shell Group (Counsel: Dua Associates) |
Target | Raj Petro Specialities Pvt. Ltd. |
Transaction Type | Sale of 100% equity |
Sector | Petrochemicals / Lubricants |
Deal Value | Not disclosed |
Stake Transferred | 100% |
Status | Completed |
Regulatory Approvals | Competition Commission of India (CCI) approval secured |
Strategic Significance
The acquisition of Raj Petro — a specialty petrochemical manufacturer with facilities in Chennai and Silvassa and operations across ~100 countries — significantly bolsters Shell Lubricants’ product portfolio and manufacturing footprint in India. For Brenntag, divesting these assets enables a strategic realignment of its global operations to focus on core distribution businesses.
Why It Matters
This deal reflects key trends shaping the Indian petrochemicals and lubricants market:
Consolidation & Vertical Integration: Syndicating specialized manufacturing (e.g., white oils, transformer oils, petroleum jellies) aligns with global majors prioritizing direct control over production.
Competitive Advantage: Shell’s move strengthens domestic capacity while targeting sectors like power, pharma, personal care, and automotive with tailored solutions.
Regulatory Landscape: Smooth CCI approval highlights ongoing regulatory facilitation for M&A in strategic industries.
Counsel Expertise: LKS’s extensive multi-team involvement (M&A, Competition, Antitrust) underscores law firms’ critical role in managing cross-jurisdictional and multi-disciplinary elements of such transactions.
For legal and business professionals, this transaction exemplifies robust cross-border M&A advisory execution and reinforced investor confidence in India’s specialty chemicals space.
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Disclaimer
This article is for informational purposes only and does not constitute legal or financial advice. Readers should consult professionals before making decisions.
