Trafigura buys Greenergy’s Canadian supply operations

In Canada, Trafigura has expanded its agreement with Brookfield Asset Management and its listed affiliate Brookfield Business Partners to include Greenergy’s Canadian supply operations for an undisclosed sum. This complements Trafigura’s proposed acquisition of Greenergy’s European operations announced on March 4, 2024. The acquisitions are subject to customary closing conditions and regulatory approvals.

Ben Luckock, Global Head of Oil at Trafigura, said: “Greenergy’s Canadian business has strong commercial synergies with our global distillates, gasoline and biofuels business and our well-established commercial relationships across North America.”