Chevron Acquires Renewable Energy Group (REG)
February 28, 2022
Chevron Corporation agreed to acquire Renewable Energy Group, Inc. (REG) in an all-cash transaction valued at $3.15 billion (or $61.50 per share). The acquisition combines REG’s renewable fuels production and feedstock capabilities with Chevron’s manufacturing, distribution, and commercial marketing position and was completed after REG shareholder approval.
- Buyers
- Chevron Corporation
- Targets
- Renewable Energy Group, Inc.
- Industry
- Energy
- Location
- Iowa, United States
- Transaction Type
- Buyout
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