Global commodities trader Mercuria has agreed to acquire Raizen's Argentine refining operations for $1.4 billion. The deal includes one of Argentina's largest refineries and a network of hundreds of gas stations. The transaction represents a strategic move by the trader to expand its downstream presence in Latin America's second-largest economy.

Raizen, a joint venture between Brazil's Cosan and Royal Dutch Shell, is disposing of these assets to focus on other markets. The sale allows the Brazilian company to reduce its exposure to Argentina's volatile energy sector while realizing value from non-core operations. The $1.4 billion price tag reflects the strategic importance of these established infrastructure assets.

For Mercuria, the acquisition provides immediate access to Argentina's fuel distribution network and refining capacity. This positions the Belgian trader to better compete in Latin American energy markets and potentially capture more value from regional crude flows. The deal signals continued consolidation among global trading houses seeking to monetize downstream assets.