www.bloomberg.com
Energy trading powerhouses Mercuria and Vitol are vying to acquire a coveted asset in Argentina: Raizen SA’s refinery and its extensive network of gas stations. This potential acquisition signals a continued interest in Argentina’s energy infrastructure despite challenging economic conditions. The sale represents a significant strategic move for both Mercuria and Vitol, allowing them to expand their presence in the South American energy market and tap into Argentina’s fuel distribution network. The outcome of the final bidding process will determine who gains control of this valuable energy asset.
