Overview
- The announcement, made Wednesday, October 28, 2026, names Signar Energy S.A.U. as the new licenced operator of Shell's downstream business previously run by Raízen.
- Signar will take operational control of 892 Shell service stations plus the Dock Sud refinery, a Buenos Aires lubricants plant, aeroplants at Ezeiza and Aeroparque, and logistics terminals in Arroyo Seco and Santa Fe.
- Multiple outlets report the acquisition from Raízen was valued at about US$1.42 billion, but those price details are reported and not independently confirmed by the companies in the coverage.
- Local businessman José Luis Manzano is reported to be expected as a minority investor through Edenor and Southern Cone Investments, and there are unconfirmed reports he may seek to link Burger King outlets with Shell sites.
- Mercuria says the deal reflects a long-term Argentina strategy and a 15-year license to use the Shell brand on forecourts, a step that should keep jobs and retail supply lines steady while regulators and investors complete final paperwork.