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Gunvor Awarded Rosneft Products Tender

MOSCOW | 31 OCTOBER 2012 Gunvor Group has signed a contract with JSC Rosneft, under which it will export oil products from the Samara group of refineries (Kuibyshev, Novokuibyshevsk and Syzran) through its terminals, the 100 percent owned Ust-Luga terminal (Baltic Sea) and the 50 percent owned Novorossiysk terminal (Black Sea). The one-year contract of

Gunvor Launches USD 800 Mil. Revolving Credit Facility

GENEVA | 12 OCTOBER 2012 Gunvor Group Ltd (“Gunvor” or the “Group”) is pleased to announce the launch of a US$ 800,000,000 revolving credit facility (the “Facility”) in favour 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 to

Gunvor Welcomes IEA’s David Fyfe as Head of Research

GENEVA | 10 September 2012 David Fyfe, former head of oil market analysis for the International Energy Agency (IEA), will join Gunvor Group Ltd as Head of Market Research & Analysis. Fyfe has more than 20 years of experience in the oil and energy markets, covering the range of oil sector activity from upstream, through

Gunvor Hiring For New Jobs At German Refinery Operations

INGOLSTADT | 4 September 2012 Gunvor Raffinerie Ingolstadt GmbH and Gunvor Deutschland GmbH plan to hire about 30 additional employees for various functions at their respective operations. The two former Petroplus businesses restarted on August 24, following the completion of their acquisition by Gunvor Group Ltd, which provides integrated oil and energy trading products and

Gunvor Starts Ingolstadt Refinery

Restores Important Fuel Supply and Competition to Land-locked Bavaria INGOLSTADT | 27 August 2012 Gunvor Group Ltd has commenced operations at the former Petroplus refinery in Ingolstadt, Germany, having completed the acquisition of the refinery assets and relevant marketing activities. All regulatory and merger control approvals have been obtained. The official closing date was on

EU Approves Gunvor Purchase Of German Petroplus Assets

Geneva, Switzerland | 6 August 2012 The European Commission has approved regulatory clearance for Gunvor Group Ltd’s acquisition of the assets of Petroplus’ refinery in Ingolstadt and related German marketing activities. The clearance marks a key milestone for Gunvor in the closing process. Gunvor’s purchase of the refinery, which remains subject to additional customary closing conditions

Gunvor Investigating Allegations

Nicosia, Cyprus | 3 July 2012 Gunvor Group Ltd has been notified by Swiss authorities that they are conducting an investigation into the activities of a former employee in the Republic of Congo (Congo-Brazzaville). Gunvor itself is not the object of the current investigation. Gunvor is fully cooperating with Swiss authorities on the investigation,and Gunvor

Gunvor Group Ltd Successfully Extends European Syndication

Geneva, Switzerland | 26 June 2012 Gunvor Group Ltd today announced the successful completion of an extension of the European one-year tranche of its Revolving Credit Facility (RFC). The extension is for 6-months, with a maturity in December 2012. The refinancing process for the European syndication will begin in September. The extension comes on the

Gunvor Belgian Refinery Hiring

Antwerp, Belgium | 21 June 2012 Gunvor Group CEO Torbjörn Törnqvist this week visited the company’s recently acquired refinery, Independent Belgian Refinery NV (IBR), to meet with management and staff and discuss continuing integration with Gunvor’s operations. IBR, a former Petroplus asset, is now 100%-owned by Gunvor. Through the May purchase, Gunvor retained all 200-plus

Petroplus Bavaria Employees Welcome Gunvor CEO

Ingolstadt, Germany | 14 June 2012 More than 200 Petroplus Bavaria employees and members of management welcomed Gunvor Group CEO Torbjörn Törnqvist to the Ingolstadt plant last week. The visit was the first by Törnqvist since Gunvor announced the acquisition of the refinery’s assets, which will keep open the plant saving hundreds of jobs. “I

BNPP and RBI Successfully Closed 5-year USD 250 Mil. Secured Acquisition Security in Favour of Gunvor

Geneva, Switzerland | 6 June 2012 Gunvor Group Limited (“Gunvor”) has mandated BNP Paribas (“BNPP” or the “Coordinating MLA”) and Raiffeisen Bank International AG (“RBI”) (collectively the “Mandated Lead Arrangers & Bookrunners”) to arrange a US$ 250mn Secured Acquisition Facility (the “Facility) to finance 33.33% of the outstanding equity of the US based Signal Peak

Gunvor Group Signs Purchase Agreement to Acquire Assets of Petroplus’ Ingolstadt Refinery and Related German Marketing Activities

Ingolstadt, Germany | 31 May 2012 Gunvor Group, one of the world’s major independent commodity trading companies, has announced that it has signed a purchase agreement to acquire the assets of Petroplus’ refinery in Ingolstadt and related German marketing activities. The acquisition is subject to customary closing conditions and regulatory clearance from competition authorities. The

Gunvor Group Completes Purchase of Petroplus’s Antwerp Refinery

Antwerp, Belgium | 2 March 2012 Gunvor Group, one of the world’s major independent commodity trading companies, has announced that it has successfully completed the purchase of Petroplus’s refinery in Antwerp. Independent Belgian Refinery N.V., as the new – 100% Gunvor-owned and Belgian subsidiary is named – has obtained all the necessary permits, licenses and

Gunvor Refutes Unsubstantiated Accusations Made in The Economist

Geneva, Switzerland | 2 March 2012 An article in the 5 May edition of The Economist makes untrue and unsubstantiated allegations about Gunvor Group (“Gunvor”), one of the world’s major independent commodity trading companies. The company refutes these statements and fabrications that are damaging commercially and reputationally. Gunvor goes on record to challenge all the

Gunvor Group Bids Successfully to Purchase Petroplus’s Antwerp Refinery

Gunvor Group, one of the world’s major independent commodity trading companies, has announced that it has successfully bid to purchase Petroplus’s refinery in Antwerp. The transaction is expected to be completed formally within 6 to 8 weeks, with the support from the local and Belgium state authorities. Gunvor has the intention to restart operations as