News
31 March 2025

Varo buys Swedish refiner Preem in bet on biofuels

In:
Renewables
Region:
Europe

Varo Energy, backed by private equity giant Carlyle Group and Vitol, has agreed to buy Swedish refiner Preem, betting on growing demand for biofuels.Varo already has stakes in oil refineries in Germany and Switzerland and is expanding in sustainable fuel and trading. It plans to invest around $3.5...

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