Carlyle-backed VARO Energy to acquire Preem.

Carlyle-backed VARO Energy, a diversified energy company headquartered in Zug, Switzerland, agreed to acquire Preem, a Swedish petroleum and bio-fuel company. Financial terms were not disclosed. "VARO’s long-term strategic direction aligns closely with ours. Together, we would enhance business know-how, ensure long-term stability, and reinforce strategic development, which, when combined, would support our future growth and success. Furthermore, the combined businesses would benefit our customers, achieve greater resilience, and contribute to Swedish and European energy security," Magnus Heimburg, Preem CEO.