Trafigura to acquire Greenergy’s Canadian business (updated)

Brookfield Business Partners LP

08/05/2024 09:55

(Adds detail in paragraph 3-4)
       May 8 (Reuters) - Commodity trader 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,
it said on Wednesday.
    The company in March agreed to acquire Greenergy's European
business. 
    Greenergy is a UK-based supplier of road fuels and a
biodiesel producer with manufacturing plants in the UK and the
Netherlands. It entered the Canadian market in 2013 and provides
a variety of road fuels including higher percentage biodiesel
blends from its rail-fed terminals in Ontario and British
Columbia. 
    The acquisitions are subject to customary closing conditions
and regulatory approvals.
        
  
        
  
    


    

 (Reporting by Ashitha Shivaprasad in Bengaluru; editing by
Louise Heavens and Jason Neely)
 ((Ashitha.Shivaprasad@thomsonreuters.com;))