Mercuria Nears Acquisition of Argentine Refinery and Gas Stations

Energy-trading company Mercuria is on the verge of purchasing a refinery and numerous gas stations in Argentina from Raizen. Bloomberg posted on X that the deal is nearing completion, marking a significant expansion for Mercuria in the South American energy market. The acquisition includes a refinery and a network of gas stations, which are part of Raizen's assets in Argentina. This move aligns with Mercuria's strategy to broaden its footprint in the region's energy sector. The transaction is expected to enhance Mercuria's operational capabilities and market presence in Argentina. Details of the financial terms have not been disclosed, but the acquisition is seen as a strategic step for Mercuria to strengthen its position in the global energy market.