Mareterra completed the acquisition of a 24.5% stake in Nayara Energy from Trafigura.

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.