Mercuria Energy Group acquires Raízen's Argentina operations including Shell-branded fuel distribution and associated infrastructure for $1.42 billion
Type: Acquisition · Technology: Oil Gas · Country: Argentina · Value: $1.42B · Announced: 2026-06-08
Swiss commodity trading firm Mercuria Energy Group completed the acquisition of Raízen's entire Argentina operations for $1.42 billion through its subsidiaries Latam Downstream Holdings Ltd. and Silver Projects I S.A.U. The transaction includes Raízen's refining and fuel distribution assets operating under the Shell brand, along with associated infrastructure assets. Raízen, a Brazilian energy company majority-owned by Cosan, had been restructuring its operations in Argentina through a judicial recovery process, which facilitated this divestment. The deal marks Mercuria's strategic expansion into Argentina's downstream energy sector, gaining immediate access to Shell-branded fuel distribution networks and refining capabilities. The acquisition was finalized on June 8, 2026, following regulatory approvals and completion of the judicial recovery process.
Counterparties
- Shell (Partner)
- Mercuria Energy (Buyer)
- Raízen (Seller)
- Latam Downstream Holdings Ltd (Buyer)
- Silver Projects I S.A.U (Buyer)
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