Raizen buys Shell assets in Argentina

Raizen buys Shell assets in Argentina

M&A Energy Argentina Brazil

Raizen Combustiveis said in a statement that it has agreed to buy downstream oil and gas (O&G) assets in Argentina from Royal Dutch Shell for $950m. According to a securities filing from the Brazilian energy firm, Raizen gains a network of 645 gas stations, giving it a 20% market share in Argentina. The deal also includes a refinery in Buenos Aires, a liquefied petroleum gas unit, two airport supply bases and a lubricant plant, among others. Raizen outbid offers from Argentina's YPF, Chile

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