Raizen Sells Argentine Operations to Mercuria for $1.42B
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 04 2026
0mins
Source: seekingalpha
- Transaction Overview: Raizen announced the sale of its downstream operations in Argentina to Mercuria Energy for $1.42 billion, including Raizen Argentina's debt, aimed at alleviating the company's financial burden.
- Market Impact: This acquisition gives Mercuria control of the Dock Sud refinery, the third-largest in Argentina, and approximately 700 gas stations, accounting for about 20% of nationwide fuel sales in Argentina.
- Future Plans: Mercuria, through its subsidiary Phoenix Global Resources, plans to invest billions in Argentina's Vaca Muerta shale patch to ramp up production, although current crude output remains significantly lower than that of YPF and Pan American Energy.
- Debt Restructuring: Concurrently, Raizen's creditors are evaluating the company's final proposal for an out-of-court restructuring covering approximately 65 billion reais ($12.84 billion) of debt, which would mark the largest such deal in Brazil's history.
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Analyst Views on SHEL
Wall Street analysts forecast SHEL stock price to fall
10 Analyst Rating
5 Buy
5 Hold
0 Sell
Moderate Buy
Current: 80.380
Low
41.75
Averages
74.27
High
91.00
Current: 80.380
Low
41.75
Averages
74.27
High
91.00
About SHEL
Shell plc is an international energy company engaged in the principal aspects of the energy and petrochemical industries. The Company's segments include Integrated Gas, Upstream, Marketing, Chemicals and Products, Renewables and Energy Solutions, and Corporate. The Integrated Gas segment includes liquefied natural gas (LNG), conversion of natural gas into gas-to-liquids (GTL) fuels and other products. It includes natural gas and liquids exploration and extraction, and the operation of the upstream and midstream infrastructure. The Upstream segment includes exploration and extraction of crude oil, natural gas and natural gas liquids. It also markets and transports oil and gas and operates the infrastructure necessary to deliver them to the market. The Marketing segment comprises the Mobility, Lubricants, and Sectors & Decarbonization businesses. The Chemicals and Products segment include chemical manufacturing plants with their own marketing network, and refineries.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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