Glencore Energy closes deal to buy 78% of Aleen

RIO DE JANEIRO (Reuters)-Glencore Energy reported on Friday that it has signed, through subsidiary in Brazil, a deal to acquire the 78% Aleen, fourth largest fuel distributor of Brazil. Marcelo Rosemary, one of founders of Ale, will keep 22% of slice in the business and will assume the post of Chairman of the Board of Directors with the conclusion of the agreement. " The investment will provide to Glencore a solid platform to take advantage of the significant opportunities internal growth in the sector, with most of the increase in demand being met by imports, "the company said. The Ale has about 1,500 gas stations in 22 States of Brazil, plus about 260 convenience stores. The transaction is subject to approval by the antitrust body Cade. The Ale market dispute with companies like BR Distribuidora, controlled by Petrobras, and Raízen, Cosan's joint venture with Shell.