Dutch energy solutions provider FincoEnergies announced that mining and commodities giant Glencore has agreed to acquire a majority stake in the company.
Founded in 2013 by energy investment company Coloured Finches, Netherlands-based FincoEnergies provides fuels, biofuels and decarbonization services for the transport and industry sectors, including products and services aimed at helping companies to calculate and reduce their direct and indirect emissions and certify their positive impact such as low carbon transportation fuels and carbon insetting credits. Under the new agreement, Coloured Finches will remain as a shareholder, while minority investor Pontex Investment Partners, who first invested in the company in 2016, will exit.
According to FincoEnergies, the new transaction will position the company to further expand in renewable fuel markets, insetting credits and decarbonization solutions across all transport segments as well as to increase its physical market presence in new geographical markets in Northwest Europe.
Terms of the transaction were not disclosed. FincoEnergies reported €2.7 billion in revenues in 2024. The companies said that the transaction is expected to be completed in Q2 2026.
