US EditionGunvor CEO Says Deal for Lukoil Global Assets Is 'Clean Break'
4 Articles
4 Articles
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…
Torbyern Turnwist has just entered into one of the most significant deals in his career by intercepting the foreign operations of Lucoil shortly after the Russian oil giant was sanctioned by the United States. If Washington and London approve of this acquisition, it will solve a serious problem for Russia and, at the same time, significantly expand the energy empire of a 71-year-old trader. Gunvor, a major Swiss trading company founded by Turkvi…
Swedish investor to buy Lukoil’s assets abroad
TBILISI, November 3 – Swiss-based trading company Gunvor has agreed to purchase the foreign assets of Russian oil major Lukoil, according to Reuters via BPN. The deal comes just days after the United States imposed sweeping sanctions on Lukoil, Rosneft, and dozens of their subsidiaries. Lukoil said in a statement that it had received and accepted Gunvor’s offer to acquire its European… Source
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