Published by Global Banking & Finance Review®
Posted on December 22, 2025
2 min readLast updated: January 20, 2026
Add as preferred source on GoogleGlencore acquires a majority stake in FincoEnergies to expand in Northwest Europe's fuel markets. The deal awaits EU antitrust approval, expected to close by Q2 2026.
By Robert Harvey and Enes Tunagur
LONDON, Dec 22 - Global commodities trader and miner Glencore has agreed to acquire a majority stake in Dutch fuel supplier FincoEnergies for an undisclosed sum, the Dutch company said on Monday.
Glencore will use the deal to expand its footprint in Northwest European fuel markets, industry sources said. Finco is a major player in the Dutch wholesale fuel market and in the region's biofuels and low-carbon fuel sectors.
Global trading houses such as Glencore seek to add strategic assets across the oil supply chain to create trading opportunities. Rival trader Trafigura acquired UK-based road fuel and biofuel supplier Greenergy last year in a similar move.
Glencore will become the majority shareholder in Finco alongside Dutch investment firm Coloured Finches, which will shift from majority to minority shareholder after the deal closes. Current minority shareholder Pontex, also a Dutch investment company, will sell its shareholding in the deal, Finco said.
Coloured Finches will continue to oversee day-to-day operations and management of Finco after the transaction, according to an industry source.
Glencore's investment will enable Finco to grow its presence in Northwest Europe and expand in renewable fuel markets, the Dutch firm said. Finco also supplies marine fuels and marine biodiesel.
The deal is subject to EU antitrust approval and could close in the second quarter of 2026, Finco said.
(Reporting by Robert Harvey and Enes Tunagur in London. Editing by Alex Lawler and Mark Potter)
A majority stake refers to owning more than 50% of a company's shares, giving the shareholder significant control over company decisions and operations.
Biofuels are renewable fuels derived from biological materials, such as plant and animal waste, used as alternatives to fossil fuels in energy production.
A trading opportunity arises when market conditions allow investors to buy or sell assets at favorable prices, potentially leading to profit.
A shareholder is an individual or institution that owns shares in a company, entitling them to a portion of the company's profits and assets.
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