EU Clears Trafigura's Acquisition of Biofuels Giant Greenergy

The European Commission has approved the proposed acquisition of the European business of UK-based biofuels producer Greenergy by commodities trading giant Trafigura. Following a review of the proposed transaction under the EU Merger Regulation, the Commission concluded that the deal would not raise competition concerns, because the companies would have a limited combined market position resulting from the deal.

Ben Luckock, Global Head of Oil at Trafigura, commented “As Europe transitions to a lower carbon future and the refining industry adapts to changing market dynamics, companies like Greenergy become increasingly important.” Trafigura and other oil trading giants have amassed huge profits over the past two years of market uncertainty and volatility, and are now looking to reinvest part of the profits into expanding operations into refining and biofuels supply.

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

What Does ConocoPhillips' Marathon Acquisition Mean for the PermianConocoPhillips and Marathon Oil announced a $22.5 billion merger, enhancing ConocoPhillips' U.S. shale assets, providing earnings, cash flow, and shareholder distribution benefits.
Fuente: OilandEnergy - 🏆 34. / 68 Leer más »

A hundred years since the acquisition of Vieux Château Certan and a hundred-year-old wineThe Thienpont family have spread their wings along the right bank
Fuente: FT - 🏆 113. / 51 Leer más »

A hundred years since the acquisition of Vieux Château Certan and a hundred-year-old wineThe Thienpont family have spread their wings along the right bank
Fuente: FT - 🏆 113. / 51 Leer más »

Another Billion-Dollar U.S. Oil Acquisition Is on the HorizonSM Energy is reportedly in talks to acquire XCL Resources, a major player in Utah's Uinta Basin, in a deal that has been valued at $3 billion.
Fuente: OilandEnergy - 🏆 34. / 68 Leer más »