Swiss headquartered Trafigura sold its 24.5% interest in Nayara Energy Limited to Hara Capital Sarl unrooting its ties with Russian Energy giant Rosneft. Hara Capital Sarl is a Rome based investment group, a wholly owned subsidiary of Mareterra Group Holding. Rosneft is the single largest shareholder of Nayara Energy Limited with 49.13% shareholding.
Trafigura said it had completed the sale of its "indirect minority interest" in Nayara Energy to Hara Capital Sarl, a wholly-owned subsidiary of Mareterra Group Holding.
Trafigura was looking to sell its stake in 2021 to Mareterra Group Holding. The size of the deal is not announced officially but people involved in the deal said Hara paid $165.9 million or the book value of stake based on Trafigura last year's annual report.
Mareterra Group, an investment firm that focuses on energy and carbon efficiency infrastructure, is active in France, Italy, Luxembourg and Spain and wants to expand beyond Europe, the statement said. As a new shareholder in Nayara Energy, it will bring its strong experience in reducing the carbon footprint of fuel stations, installing electric charging stations, and improving energy efficiency at industrial assets," it said.