Announced
Financials
Sources
Tags
Friendly
Single Bidder
Integrated Oil and Gas
Minority
Private Equity
Private
Acquisition
Cross Border
downstream oil
India
Completed
Synopsis
Mareterra, an energy investment group, completed the acquisition of a 24.5% stake in Nayara Energy, an Indo-Russian downstream oil company, from Trafigura, an independent physical trading and logistics business. Financial terms were not disclosed. "We believe that reducing energy costs is possible in all industries, especially in the context of the energy transition. Nayara Energy is already implementing a number of low-carbon projects, plans to become a major manufacturer of petrochemical products, and is actively developing its network of retail service stations. In this context, we will share our relevant experience with Nayara Energy to strengthen both the technological and environmental leadership of the company in the Indian market," Filippo Ghirelli, Mareterra Founder.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.