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Gunvor
Gunvor Group Posts 12% Increase in EBITDA for First Half 2014
For the first half, Gunvor’s EBITDA increased approximately 12% to US $395 million, up US $41 million over the first half 2013. Revenue remained steady at US $45 billion. Volumes increased to 71 million MT, compared with 61 million MT during the same period 2013, and included the addition of metals trading.
Gunvor increases renewed middle east facility to us $420 mil.
Gunvor Group has signed a US $420 mil. secured uncommitted borrowing base facility, which launched at US $300 mil. and was significantly oversubscribed, enabling Gunvor to increase it US $20 mil. over last year’s amount.
Gunvor refinery given german national occupational safety & health award
Gunvor Refinery Ingolstadt has been awarded the OHRIS certificate in recognition of the facility’s occupational safety management system from the Bavarian State Ministry of Labour and Social Welfare. OHRIS (Occupational Health and Risk Management System) is a tool developed by…
Gunvor Closes New US $290 Mil. RCF to Support European Activities
Gunvor Group Ltd (“Gunvor” or the “Group”) has closed a new US $290 million uncommitted off balance sheet instrument (“OBSI”) revolving credit facility (the “Facility”) in favour of Gunvor SA, Gunvor International B.V., Gunvor Deutschland GmbH, Gunvor Raffinerie Ingolstadt GmbH…
Gunvor Closes $500 Mil. Refinancing For Ingolstadt Refinery Borrowing Base
Gunvor Group has successfully closed the refinancing of its US $500 mil. uncommitted secured revolving borrowing base facility, which will initially refinance the maturing facility that had been signed in July 2013, before continuing to finance the Group’s refining and marketing activities in greater Bavaria and the surrounding countries.
Gunvor Closes Asian RCF Oversubscribed At US $536.6 Million
SINGAPORE | 5 JUNE 2014 Gunvor Singapore Pte Ltd (the “Borrower”), a wholly-owned subsidiary of Gunvor Group (“Gunvor”, or the “Company”), has closed a US $536.6 mil. syndicated revolving credit facility (the “Facility”), which will support existing operations in the Asia-Pacific region. The Facility was oversubscribed, having launched at US $350 mil. Due to continuing...
New gunvor position to focus on health, safety, environment & community
GENEVA | 4 June 2014 Group HSEC Manager will oversee sustainability for multi-billion dollar industrial asset portfolio To strengthen its commitment to safety, health, the environment and the communities in which it operates worldwide, Gunvor Group welcomes Benjamin Winterton as Group HSEC Manager.
Gunvor Singapore Launches US $350 Mil. Revolving Credit Facility
SINGAPORE | 28 APRIL 2014 Gunvor Singapore Pte Ltd (the “Borrower”), a wholly-owned subsidiary of Gunvor Group (“Gunvor” or the “Company”), has launched a US $350 mil. syndicated revolving credit facility (the “Facility”), which will support new investments and existing operations in the Asia-Pacific. “Gunvor is in a strong position, having pursued a strategy to...
Who is behind Gunvor?
Gunvor Ensures Continued Operations
GENEVA | 20 MARCH 2014 Anticipating potential economic sanctions so to ensure with certainty the continued and uninterrupted operations of Gunvor Group Ltd’s activities, the shares of the company held by Mr. Gennady Timchenko were sold on March 19 from his personal holding vehicle to Mr. Torbjorn Törnqvist personally. As a result, Mr. Törnqvist has