Vitol-Backed Varo Seals Deal to Acquire Preem in a Strategic Move for Renewable Fuels

In a bold step towards enhancing its presence in the renewable energy sector, Varo Energy, which is backed by the Swiss commodity trader Vitol, has officially announced its agreement to purchase Preem, one of Sweden's largest fuel companies. This strategic acquisition marks a significant shift as it positions Varo to expand its operational capacity in renewable fuels, highlighting the growing importance of sustainable energy solutions in the global market.

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