Global commodities trader and miner Glencore has agreed to acquire a majority stake in Dutch fuel supplier FincoEnergies for an undisclosed sum.
The transaction is expected to strengthen Glencore’s footprint in north-west European fuel markets. Finco is a significant player in the Dutch wholesale fuel market and has an established presence in biofuels and other low-carbon fuel segments across the region.
Global trading houses have increasingly been seeking strategic assets across the oil and fuel supply chain to enhance trading opportunities. Rival trader Trafigura made a similar move last year with its acquisition of UK-based road fuel and biofuel supplier Greenergy.
Under the agreement, Glencore will become Finco’s majority shareholder alongside Dutch investment firm Coloured Finches, which will move from a majority to a minority position once the deal closes. Existing minority shareholder Pontex will exit its stake as part of the transaction.
Coloured Finches is expected to continue overseeing Finco’s day-to-day operations and management following completion of the deal, according to an industry source.
Finco said Glencore’s investment would support its expansion across north-west Europe and accelerate growth in renewable fuel markets. The company also supplies marine fuels and marine biodiesel.
The transaction remains subject to EU antitrust approval and is expected to close in the second quarter of 2026.
