The Carlyle Group to increase its stake in VARO Energy
édité le 03/02/2021 - Plus de news de Varo - Voir la fiche entreprise de Varo
VARO Energy, an energy company active in North West Europe, announced that global investment firm The Carlyle Group has agreed to increase its shareholding in the company. The transaction, which is subject to regulatory approval, sees Carlyle acquire the stake in VARO currently owned by Reggeborgh, a Dutch private investment company. Vitol Groups shareholding in VARO remains unchanged.
Founded in 2012 with the acquisition of the Cressier Refinery (CH), VARO has grown rapidly to become one of the leading energy transition focused downstream businesses in North West Europe. Significant additions to the platform include the majority shares in the Bayernoil refineries, and a merger with Argos. Today, the business offers a variety of products such as diesel and gasoline (for transportation), heating oil (for homes), fuel oil (for ships), aviation