Glencore / FincoEnergies Merger Filing

Detected March 25th, 2026

Summary

The European Commission has published information regarding Glencore plc's proposed acquisition of 70% of FincoEnergies B.V. shares. This transaction is being reviewed under the EU Merger Regulation, with the Commission seeking transparency on the details provided by the notifying parties.

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What changed

The European Commission's Competition DG has made public details concerning Glencore plc's proposed acquisition of a 70% stake in FincoEnergies B.V. This transaction, classified as an acquisition of sole control under Article 3(1)(b) of the Merger Regulation, involves Glencore, a global natural resources company, acquiring Finco, a fuel supplier and wholesaler primarily active in the Netherlands and Germany. The information released is based on details provided by the notifying parties and does not represent the Commission's final view on the operation.

This filing indicates a significant merger review process is underway within the EU. While this document is primarily for transparency and does not impose immediate obligations, companies involved in the energy sector, particularly fuel supply and distribution, should be aware of such large-scale M&A activities being scrutinized by competition authorities. The Commission's review will assess potential impacts on competition within the relevant markets, and further developments should be monitored by entities operating in these sectors.

What to do next

Monitor European Commission merger review process for Glencore/FincoEnergies transaction.
Review internal M&A policies for compliance with EU Merger Regulation.

Source document (simplified)

Disclaimer : The Competition DG makes the information provided by the notifying parties in section 4 of Short Form CO available to the public in order to increase transparency. This information has been prepared by the notifying parties under their sole responsibility, and its content in no way prejudges the view the Commission may take of the planned operation. Nor can the Commission be held responsible for any incorrect or misleading information contained therein.

M.12300 - GLENCORE / FINCOENERGIES SECTION 4 Description of the concentration The proposed transaction concerns the acquisition by Glencore plc (together with its

subsidiaries “Glencore”) of 70% of all issued and outstanding shares in the capital of the FincoEnergies B.V (“Finco”). The proposed transaction constitutes an acquisition of sole

control within the meaning of Article 3(1)(b) of the Merger Regulation. Glencore is a global diversified natural resource company active as a producer and marketer of more than 60 commodities. Glencore plc is incorporated in Jersey and headquartered in Baar, Switzerland. Its ordinary shares are listed on the London Stock Exchange, with a secondary listing on the Johannesburg Stock Exchange. Glencore trades crude oil, oil products, natural gas, liquefied natural gas, power and environmental products. Finco is a fuel supplier and wholesaler primarily active in the Netherlands and Germany, providing fuel trading and fuel distribution services, principally to commercial end-users and

other wholesalers in the transport sector. Finco is incorporated in the Netherlands. Finco’s

ultimate controlling companies are Coloured Finches B.V. and Pontex Investment Partners, both of which are incorporated in the Netherland.