Fri, 07th Aug 2015 06:43
Aug 7 (Reuters) - Royal Dutch Shell Plc said itsigned an agreement to sell its 75 percent stake in TongyiLubricants in China to Huo's Group and private-equity firmCarlyle Group LP.
Tongyi is a joint venture between Shell and Huo's Group.Shell bought the stake in Tongyi from Huo's Group in 2006. (http://bit.ly/1eWSEsb)
The company did not disclose financial terms of the deal. (Reporting by Noor Zainab Hussain in Bengaluru; Editing byGopakumar Warrier)
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