Global commodities trader and mining group Glencore has agreed to acquire a majority stake in Dutch fuel supplier FincoEnergies for an undisclosed amount, the company announced on Monday.
The transaction will strengthen Glencore’s presence in Northwest European fuel markets, where FincoEnergies is a leading player in wholesale fuel distribution as well as biofuels and other low-carbon fuel segments, according to industry sources.
Large trading houses such as Glencore have increasingly pursued strategic assets across the oil and fuel supply chain to enhance trading optionality and market access. In a comparable move, rival trader Trafigura acquired UK-based road fuel and biofuel supplier Greenergy last year.
Under the agreement, Glencore will become FincoEnergies’ majority shareholder alongside Dutch investment firm Coloured Finches, which will reduce its stake from majority to minority ownership once the deal is completed.
Existing minority shareholder Pontex, also a Dutch investment company, will exit its investment as part of the transaction, FincoEnergies said.
Coloured Finches is expected to continue overseeing FincoEnergies’ day-to-day operations and management following completion of the deal, according to industry sources.
FincoEnergies said Glencore’s investment will support its growth ambitions in Northwest Europe and accelerate its expansion in renewable and low-carbon fuel markets. The company also has a strong presence in marine fuels, including marine biodiesel supply.
The transaction is subject to European Union antitrust approval and is expected to close in the second quarter of 2026.
