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Mercuria unveils Signar Energy as new operator of Shell stations in Argentina

FinanceInternationalLa Nación35 s readAI summary
Image: La Nación

Mercuria Energy Group presented Signar Energy, the company that will operate the fuels business and the main assets that belonged to Raízen in Argentina. Signar Energy will manage 892 service stations under the Shell brand, the Dock Sud refinery, the Buenos Aires lubricants plant, the Ezeiza and Aeroparque aviation plants and the Arroyo Seco and Santa Fe logistics terminals. The deal closed in September after regulatory approvals, for US$1.42 billion, and includes a Shell brand license for 15 years, renewable for another 15.

In 35 seconds

  • Signar Energy will operate 892 service stations under the Shell brand in Argentina
  • Mercuria's deal for Raízen's Argentine assets closed in September for US$1.42 billion
  • The Shell brand license runs for 15 years, renewable for another 15
Read the full story at La Nación

IASummary generated by artificial intelligence from a story by La Nación. It may contain errors: the original source prevails.

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