Trafigura to acquire Greenergy’s Canadian business

(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)

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