Raizen is selling its entire Argentina fuel business to trader Mercuria for over one billion dollars, a major step in its push to cut a heavy debt load.
Raízen sells its Argentina fuel business—Dock Sud refinery and ~800 Shell stations—to Mercuria for $1.42 billion. The sale funds Brazil's record debt restructuring; for Mercuria, it's a play on Argentina's energy deregulation under Milei.
Brazil · Energy & Deals
Key Facts
—The deal. Raízen is selling its entire fuel business in Argentina to the energy trader Mercuria.
—The price. The agreed figure is about 1.42 billion dollars, with the buyer also taking on the unit’s debt.
—The assets. They include a large Buenos Aires refinery and a network of around 800 Shell-branded petrol stations.
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