Mercuria to Acquire Raizen’s Argentina Fuel Assets in US$1.4-Billion Deal
26 Articles
26 Articles
Mercuria to acquire Raizen’s Argentina fuel assets in US$1.4-billion deal
Global trading house Mercuria Energy Group Ltd has reached a deal to acquire one of Argentina’s biggest refineries and a network of hundreds of petrol stations from Brazil’s struggling Raizen SA. Leer más
Operation sold to Mercury Energy in the midst of the company's restructuring process
Rooten, the company that operates Shell filling stations in Argentina, today confirmed the sale of all its local assets to the Mercuria Group (José Luis Manzano's partner in the country) for $1420 million. The Brazilian company communicated the final agreement to the São Paulo Stock Exchange, in compliance with the regulations of the capital market of that country, thus closing a divestment process that has taken more than a year and that respon…
Raízen reached an agreement to sell its refining and fuel distribution assets in Argentina, in a $1.4 billion transaction that reduces its debt at the time the company is in extra-judicial recovery. The assets – the country's second-largest downstream operation, behind only the YPF state – are being bought by controlled Swiss trading Mercury Energy. The deal will allow Raízen to put in the box between $900 million and $1 billion, in addition to …
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