Raizen Is Said to Hire JPMorgan for Argentina Energy Assets Sale

Brazil’s Raizen SA has begun to explore the sale of its oil refinery and network of gas stations in Argentina.Raizen, a joint venture between oil supermajor Shell Plc and Brazilian conglomerate Cosan SA, has hired JPMorgan Chase & Co. to manage the sale. The energy firm’s potential departure from Argentina would add to a growing list of multinational firms, including Exxon Mobil, HSBC Holdings Plc and Mercedes-Benz, that have chosen to sell operations in the country during the past year despite more investor optimism about President Javier Milei’s economic overhaul. 

March 7, 2025 

SOURCE: MINT

Raizen Is Said to Hire JPMorgan for Argentina Energy Assets Sale