Key facts
- Mercuria Energy Group will acquire Raizen Argentina's downstream operations.
- The acquisition includes a refinery and a network of gas stations.
- The deal is valued at $1.4 billion.
- The transaction is expected to expand Mercuria's presence in South America.
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 gas stations from Brazil's struggling Raizen SA. The acquisition, valued at $1.4 billion, is expected to expand Mercuria's presence in the South American energy market. The deal includes 100 percent of Raizen's downstream and related business operations in Argentina. Mercuria is a prominent independent energy and commodities trader.