Rhône Energies signs sales agreement to acquire refinery and terminals

In France, Rhône Energies, a consortium composed of Entara LLC (“Entara”) and Trafigura Pte Ltd (“Trafigura”), has reached an important milestone in the acquisition process of the Fos-sur-Mer refinery and the Toulouse and Villette-de-Vienne terminals from Esso. All parties have now signed a sales agreement following the completion of the information and consultation procedure with employee representative bodies.

This is a key step towards the transfer of ownership of the site which remains subject to the required regulatory approvals. Discussions with the relevant authorities are ongoing and the necessary authorizations are expected by the end of October 2024.