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Gennadij Timtjenko

Gennadij Timtjenko

Swedish billionaire leaves his oil company
Business News

Swedish billionaire leaves his oil company

Swedish oil billionaire Torbjörn Törnqvist is stepping down as CEO of his oil trading company Gunvor and selling his majority stake in the company. “The time is right for this transition,” says newly appointed CEO Gary Pedersen in a press release
Gunvor awaits green light for Russian oil deal
Business News

Gunvor awaits green light for Russian oil deal

Ahead of the purchase of Russian Lukoil's international assets, Swedish oil billionaire Torbjörn Törnqvist's company Gunvor is waiting for the go-ahead from the US sanctions agency Ofac. At the same time, questions are being raised about how the deal will be financed
Swedish billionaire in major deal with Russian Lukoil
Business News

Swedish billionaire in major deal with Russian Lukoil

Russian oil giant Lukoil is selling its international assets to Swedish oil billionaire Torbjörn Törnqvist's company Gunvor, Lukoil announced in a press release. Gunvor confirms the conditional deal
Windfall for Russian Oligarchs
Business News

Windfall for Russian Oligarchs

Large Russian companies have this year increased or resumed previously suspended dividend payments to their owners. The billion-dollar dividend payments indicate a decreased concern in the Russian business community about the economic effects of the invasion war against Ukraine
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