US EditionGunvor CEO Says Deal for Lukoil Global Assets Is 'Clean Break'
13 Articles
13 Articles
The Gunvor Group, which has long-term links with the energy industry of Russia, began discussions with the regulatory authorities on the purchase of assets held by Lukoil, reported Bloomberg News, according to...
Swedish billionaire Torbjörn Törnqvist made one of the biggest deals of his life when his company Gunvor reached an agreement to buy Lukoil's foreign assets, the Wall Street Journal reports. Days before the deal was announced, the United States imposed sanctions on the Russian oil producer.
Gunvor’s Törnqvist Strikes $20B Deal to Seize Lukoil Assets Amid US Sanctions
Torbjörn Törnqvist, the billionaire co-founder of Swiss energy trading firm Gunvor, is moving to acquire the overseas operations of Russia’s Lukoil, according to a report by The Wall Street Journal published on November 4. The deal follows just days after the US imposed sanctions on the Russian oil giant and could significantly expand Gunvor’s global footprint—pending approval from US and UK sanctions authorities. According to WSJ, if the deal g…
A Swiss company established by an associate of Vladimir Putin is set to acquire Lukoil's international oil assets.
Swedish billionaire Torbjorn Tornqvist, founder of Gunvor, has entered into an agreement to purchase all of Lukoil’s overseas holdings following the imposition of new US sanctions against the Russian oil conglomerate. The transaction involves Gunvor taking control of Lukoil’s diverse portfolio, which includes gas stations in the Bronx, New York, operations in Sicily, refineries across Europe, and oil fields located in the Middle East and Central…
Torbjörn Törnqvist's Gunvor Group is exploiting US sanctions to acquire Lukoil assets. However, this agreement must be approved by Washington due to concerns about possible ties to the Kremlin, RBC-Ukraine reports, citing Bloomberg. The announcement of a possible acquisition of Russian oil giant Lukoil assets by the Swiss company Gunvor has generated increased attention in the energy industry. It's no wonder, as the deal was announced just a wee…
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