Hara Capital completes purchase of Trafigura’s interest in Nayara Energy
Trafigura Group Pte Ltd announced the completion of the sale of its 24.5 percent indirect minority interest in downstream energy and petrochemicals company Nayara Energy Limited to Hara Capital Sarl, a wholly owned subsidiary of Mareterra Group Holding (formerly Genera Group Holding S.p.A.), an energy investment group with a focus on energy and carbon efficiency infrastructure. This follows receipt of all applicable bank and regulatory approvals.
An investment consortium SPV, Kesani Enterprises Company Limited, comprising Trafigura and UCP Investment Group acquired a 49.13 percent equity interest stake in Nayara Energy in August 2017. Nayara Energy operates the second largest single site refinery at Vadinar, District Devbhumi Dwarka, Gujarat with a current capacity of 20 mmtpa and a significant fuel retail network in India.
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