The Brazilian subsidiary of Switzerland-based commodity trader Glencore has agreed to acquire a 78 percent stake in ALE Combustíveis¸ a Brazil-based fuel distributor, from Brazil-based conglomerate Asamar Group, ALE’s CEO Marcelo Alecrim and Darby Private Equity, the private capital arm of Franklin Templeton Investments. Prior to the transaction, Asamar, Alecrim and Darby owned 50 percent, 32 percent and 18 percent stakes in ALE, respectively. Asamar and Darby have fully exited their stakes while Alecrim will retain a 22 percent interest in the company. Darby first acquired a stake in the company when ALE merged with Darby’s portfolio company Satélite Distribuidora de Petróleo in 2006. Financial details of the transaction were not disclosed.