VARO ENERGY to acquire PREEM

VARO ENERGY has agreed to acquire PREEM in a transaction announced on 19 June 2025. The deal involves entities operating within the manufacturing and wholesale trade sectors, specifically covering petroleum products and wholesale of solid, liquid, and gaseous fuels. The consideration structure and total transaction value have not been disclosed to the public. Neither the target country nor the specific form of payment was reported in the available data.

The transaction remains subject to regulatory approval and is currently in the review phase. No completion date has been confirmed as the process continues. This acquisition represents a significant consolidation within the energy supply chain, bringing together two major players in the region. The parties are expected to finalise all necessary conditions before the deal can be legally closed.