Mercuria Energy Group (“Mercuria”), one of the world’s leading independent energy and commodities groups, today announced that it has signed a binding agreement to acquire 100 percent of Raízen’s downstream and related operations in Argentina, including refining, fuel distribution, and associated infrastructure assets.

The transaction remains subject to customary closing conditions and regulatory approvals.

This acquisition reflects Mercuria’s long-term commitment to strategic investment across global energy markets and reinforces the company’s established presence in Latin America. Mercuria believes Argentina represents an important energy market with strong long-term fundamentals and significant opportunities for operational growth and investment. Mercuria intends to leverage its global expertise and regional experience to support the continued success and development of the Argentina business.

“Mercuria has the financial strength, operational capability, and long-term perspective to support and grow this business,” said Brian Falik, Mercuria’s Global Chief Investment Officer. “We are committed to ensuring continuity for employees, customers, suppliers, and partners, while investing responsibly in the future development of the platform.”

Mercuria has the financial strength, operational capability, and long-term perspective to support and grow this business,"
Brian Falik | Global Chief Investment Officer, Mercuria

Mercuria also emphasized that continuity and operational reliability will remain priorities throughout the transition process. Further details regarding closing and integration plans will be communicated in due course.

About Mercuria

Mercuria Energy Group is one of the world’s largest independent energy and commodities groups. Founded in Geneva, Switzerland, Mercuria operates globally across the energy value chain, including crude oil and refined products, natural gas and LNG, power, renewable energy, metals, and carbon markets. The company is recognized for its strong focus on risk management, compliance, and operational excellence, and for its investment in energy solutions that support global energy security and the energy transition.

About Raízen Argentina

Raízen Argentina was created in October 2018 from the acquisition, by Raízen, of Shell Argentina's Downstream business. Its shareholders are 50/50 Shell and the Cosan Group from Brazil. Among its assets are the Buenos Aires Refinery, located in Dock Sud, the lubricants productive unit in Barracas neighborhood, more than 785 gas stations distributed throughout, the maritime fuel businesses, aviation fuels, asphalt, chemicals, as well as the activities supply and distribution. Through a brand license agreement, Raízen uses the Shell brand, which allows customers to continue accessing to the highest quality products and services that have characterized the brand in more than 100 years of history in Argentina.