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News & Statements
Statement Correcting Inaccurate Ownership Claims
Recent reports concerning Gunvor’s ownership contain unchecked falsehoods. In 2007, for about a year, Mr. Petr Kolbin was a minority investor in Gunvor at a time when the company was looking to diversify its funding base as it grew. His participation did not ultimately make strategic sense and ended completely. He has not had any […]
Gunvor closes oversubscribed us$ 1.36 billion revolving credit facility
Gunvor Group Ltd (“Gunvor” or the “Group”) has signed a US$ 1.36 billion Revolving Credit Facility (the “Facility”) in favor of Gunvor International B.V. and Gunvor SA (the “Borrowers”). The Facility will replace the maturing Tranche A (US$ 1.025 billion) of the Borrower’s Revolving Credit Facility dated 28 November 2014 and refinance Tranche B (US$ […]
Gunvor Sells Kolmar Mining Asset
Gunvor Group has divested its stake in MC Kolmar (Kolmar), a coking coal mining and processing company located in the Sakha Republic of the Russian Federation, to a company controlled by Mr. Andrei Bokarev, an investor in coal mining and logistics assets, transportation and industrial processes. Kolmar operates several mines in the East Siberian Chulmakan […]
Gunvor closes oversubscribed us$ 1.09 billion revolving credit facility
Gunvor has signed a US$ 1.09 billion Revolving Credit Facility, which will be used to finance general corporate and working capital requirements. The Facility was oversubscribed, having launched at US$ 900 million, and complements the existing US$ 305 million Facility that matures in 2016.
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 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...
L’Agefi: “Challenges & Opportunities in a Changing Market”
GENEVA | 24 FEBRUARY 2014 The following is an English translation of an article authored in French by Gunvor’s director of research and analysis published in the Swiss financial outlet L’Agefi: Challenges & Opportunities in a Changing Market By David Fyfe, Director of Research & Analysis Major physical energy trading houses have in the last
Gunvor Closes USD 1.515 Billion Revolving Credit Facility
GENEVA | 9 DECEMBER 2013 Gunvor Group Ltd (“Gunvor” or “Group”) has signed a USD 1.515 billion Revolving Credit Facility (RCF) in favor of Gunvor International B.V. and Gunvor SA (together the “Borrowers”). Launched at USD 1.2 billion, the RCF was significantly oversubscribed during syndication and was subsequently increased. “The expanding commitment we see from
Gunvor Launches USD 1.2 Bil. Revolving Credit Facility
GENEVA | 24 OCTOBER 2013 Gunvor Group Ltd (“Gunvor” or the “Group”) is pleased to announce the launch of a USD 1.2 billion revolving credit facility (the “Facility”) in favor of Gunvor International B.V. and Gunvor SA (the “Borrowers”). The launch is a part of Gunvor’s successful strategy to both grow and diversify its financing