Mercuria Energy acquires Raízen's refinery and gas station network in Argentina for €1.221 billion

Type: Acquisition · Technology: Oil Gas · Country: Argentina · Value: EUR 1.22B · Announced: 2026-06-19

Mercuria Energy Group Ltd completed the acquisition of Raízen's refinery and gas station network in Argentina for €1.221 billion, marking a material expansion in the country's downstream oil and gas sector. The transaction includes Raízen's refining assets and retail fuel distribution infrastructure, which operates across multiple provinces in Argentina. This acquisition strengthens Mercuria's presence in Latin America's energy markets, particularly in a country where Vaca Muerta's unconventional hydrocarbon production has driven record export volumes. Raízen, a joint venture between Cosan S.A. and Shell plc, divested the assets to focus on its core sugarcane ethanol and bioenergy operations. The deal was finalized in May 2026, following regulatory approvals and due diligence processes that spanned several months.

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