Brazil Orders Shell To Divest Fuel Biz In $12B Venture
Shell's Brazilian subsidiary acquired Cosan's aviation fuel business, Jacta Holdings, for $75 million in May 2009. But on Wednesday, the Conselho Administrativo de Defesa Economica, known as Cade, said Shell would have to sell Jacta.
If Shell kept this asset, it would cause an excess of market concentration in...
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