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Last updated on April 18, 2014 at 10:13 EDT

Latest Gunvor Group Stories

2012-12-06 04:22:45

INGOLSTADT, Germany, Dec. 6, 2012 /PRNewswire/ -- Affirming its long-term commitment to serving the German market, Gunvor Group ("Gunvor") has acquired a 10 percent stake in the Transalpine Pipeline (TAL), which supplies Gunvor Raffinerie Ingolstadt ("GRI"). This acquisition will allow Gunvor to secure a long-term crude supply to GRI. The deal closed December 4. The Ingolstadt refinery, which Gunvor purchased in August, serves the markets in Southern Germany and Upper Austria, providing an...

2012-07-03 02:21:06

GENEVA, July 3, 2012 /PRNewswire/ -- The Swiss financial publication L'Agefi has profiled Gunvor Group in a recent article entitled "The emergence of a global player," which describes how the "Geneva-based trading company has in a few years become a world leader in energy trading. And more is expected." The article outlines Gunvor's strategy "of vertical integration illustrated by the recent acquisitions of refineries in Antwerp (Belgium) and Ingolstadt (Germany) sold by the now defunct...

2012-06-21 02:21:30

ANTWERP, Belgium, June 21, 2012 /PRNewswire/ -- Gunvor Group CEO Torbjorn Tornqvist 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 IBR employees; however, the Antwerp refinery is currently looking to hire new staff to support its...

2012-06-14 02:21:43

INGOLSTADT, Germany, June 14, 2012 /PRNewswire-USNewswire/ -- More than 200 Petroplus Bavaria employees and members of management welcomed Gunvor Group CEO Torbjorn Tornqvist to the Ingolstadt plant last week. The visit was the first by Tornqvist since Gunvor announced the acquisition of the refinery's assets, which will keep open the plant saving hundreds of jobs. "I am pleased to be here today to share with you our plans for the future," Tornqvist said to the crowd, which included...