Pontex Investment Partners will step down as shareholder on the completion date of the transaction. Pontex joined Coloured Finches as a minority shareholder in FincoEnergies in 2016 and contributed to the company’s growth in the last 10 years.
With Glencore’s majority participation in combination with founder Coloured Finches, the platform of FincoEnergies is well positioned to further expand in renewable fuel markets, insetting credits and decarbonization solutions across all transport segments and increase its physical market presence in new geographical markets in Northwest Europe.