Brazil's Cosan To Acquire Comma From Exxon Mobil

Date : 03/01/2012 @ 7:40AM
Source : Dow Jones News
Stock : Cosan Limited Class A (CZZ)
Quote : 9.12  -0.02 (-0.22%) @ 12:05AM

Brazil's Cosan To Acquire Comma From Exxon Mobil

Cosan Limited Class A (NYSE:CZZ)
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Cosan SA Industria e Comercio (CSAN3.BR), Brazil's largest sugar and ethanol company by revenue, said Thursday that it signed an agreement to acquire lubricant maker Comma Oil and Chemicals Ltd., a unit of Exxon Mobil Corp. (XOM).

Cosan, which didn't disclose the exact price of the acquisition, said it will pay less than $100 million.

Comma produces and distributes vehicles lubricants in the United Kingdom, Cosan said.

-By Rogerio Jelmayer, Dow Jones Newswires; 55-11-3544-7071; rogerio.jelmayer@dowjones.com

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