Petroplus, private equity firms to acquire refineries in U.S.

Petroplus logo

What this article doesn’t tell you is who owns Petroplus. Here’s what we found: RIVR Acquisitions B.V., the parent company of Petroplus International B.V., is owned by funds and entities affiliated with Riverstone Holdings, The Carlyle Group, and Company management. ( [Emphasis PID] Don’t you just love it? — PID

Feb 27, 2008 ZURICH (Reuters) — Petroplus Holdings AG has agreed a $2 billion deal with private equity firms Blackstone Group and First Reserve to acquire crude oil refineries in the United States. Zurich-listed Petroplus said on Wednesday each partner has committed $667 million in equity to the venture. Full Report