Argentine utility Edenor acquires 20% stake in Shell network, Dock Sud refinery

Edenor, Argentina's largest electricity distributor, has taken a 20% stake in the company controlling Shell's Argentine fuel network and the Dock Sud refinery, partnering with Swiss trader Mercuria. This marks a strategic diversification by a regulated utility into downstream oil and gas, potentially reshaping competitive dynamics in Argentina's fuel market. The deal's financial terms and regulatory approvals remain undisclosed.

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