Carlyle takes control of China lubricant maker

The private equity firm has teamed up with Chinese entrepreneur Huo Zhenxiang to buy 75% of auto grease supplier Tongyi Lubricants from Shell.
August 07, 2015

Carlyle has teamed up with Chinese entrepreneur Huo Zhenxiang to buy 75% of Tongyi Lubricants from Royal Dutch Shell, the companies said in a joint statement on Friday.

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media