Trafigura Acquires Greenergy
- Trafigura acquires Greenergy's European business from Brookfield Asset Management.
- The acquisition is subject to customary closing conditions and regulatory approvals.
- Greenergy, founded in 1992, is a major biodiesel producer with plants in the UK and Netherlands.
- Trafigura aims to strengthen its fuel supply operations and expand into renewable fuels.
Acquisition Details
Trafigura Group Pte Ltd has agreed to acquire Greenergy’s European business from Brookfield Asset Management and Brookfield Business Partners for an undisclosed sum. The acquisition is pending customary closing conditions and regulatory approvals.
About Greenergy
Founded in 1992, Greenergy initially focused on supplying diesel with lower emissions. Today, it is one of Europe’s largest biofuel suppliers, with manufacturing plants in the UK and the Netherlands, and a leading distributor of road fuels in the UK.
Strategic Benefits
This acquisition allows Trafigura to enhance its fuel supply operations in Europe and integrate the production and distribution of renewable fuels into its biofuels business. Post-acquisition, Greenergy will continue to be led by its current management team.
Future Prospects
The combined expertise of Trafigura and Greenergy is expected to add value to existing operations and open opportunities for expansion into new markets and products. Trafigura’s financial strength will support Greenergy’s strategic initiatives and decarbonisation plan.