Gunvor CEO Torbjorn Tornqvist Gunvor in the clear Gennady Timchenko has sold his stake in Gunvor in a bid to avoid any fallout for the company from sanctions against Russia.

Gennady Timchenko and Torbjorn Tornqvist noted that Gunvor will continue to expand via acquisitions, around half of which will be in Russia. Despite recessionary times in Europe and abroad, Gennady Timchenko’s Gunvor bears witness to the fact that the demand for coal is increasing over the demand for oil, and the traders predict more of the same over the next two decades, particularly in Far

Gennady Timchenko-Wikipedia Gennady Timchenko, Mr Timchenko, Russia’s sixth richest man according to Forbes, sold his stake to business partner Torbjorn Tornqvist "to ensure with certainty the continued and uninterrupted operations” of the company, Gunvor was founded by Mr Timchenko and Mr Tornqvist, now chief executive. Three years later he founded Gunvor with Russian billionaire, Gennady Timchenko. In 2014, one day before the US Treasury imposed sanctions against Timchenko over Russia's annextion of Crimea, Tornqvist bought out the Russian oligarch. Tornqvist now owns 60% of Gunvor, and the rest is owned by company employees.

Torbjorn tornqvist gennady timchenko

After later stints at Scandinavian Trading Co. and also Intermaritime Team Petrotrade, he developed Gunvor’s precursor firm in Estonia in 1997 to export Russian . 3 years later on he established Gunvor with Russian billionaire, Gennady Timchenko. Gunvor CEO Torbjorn Tornqvist Gunvor in the clear Gennady Timchenko has sold his stake in Gunvor in a bid to avoid any fallout for the company from sanctions against Russia. 2014-12-16 · Torbjorn started his career at British Petroleum and worked there from 1977 to 1983. Then he became Head of Oil Trading at Scandinavian Trading Co AB until 1989. Torbjorn was Managing Director for the oil division of Intermaritime Group Petrotrade before he cofounded Gunvor in 2000 with Gennady Timchenko, a Russian billionaire.

TIMCHENKO, Gennady Nikolayevich (b.1952) is a Russian-Finnish billionaire, a close friend of Vladimir Putin. Born in Soviet Armenia after a while headed it. In 1997, together with his Swedish partner Torbjörn Törnqvist, he founded Gun

Rank Name Est. Net Worth (US$ billion) 1 Klaus-Michael Kuhne 10.0 2 Gennady Timchenko 9.1 3 Torbjorn Tornqvist 8.7 4 Ivan Glasenberg 6.5 5 Beny Steinmetz 5.8 6 Johann Rupert 5 In 1991, Timchenko left Russia and began working for Urais Finland, which specialized in exporting Russian oil and petrochemical products to European countries. In 1997, Gennady Timchenko co-founded the Gunvor Group Ltd. with his partner Torbjorn Tornqvist. Tornqvist got his start at British Petroleum in 1977 and founded Gunvor with Russian billionaire, Gennady Timchenko, in 2000. In 2014, one day before the US Treasury imposed sanctions against Timchenko over Russia’s annextion of Crimea, Tornqvist bought out Timchenko.

In the same year, it began to cooperate with the Committee on External Economic Relations in Leningrad, which was chaired by Vladimir Putin at the time, and was founded in 1997 with a Swedish partner, Torbjorn Tornqvist. In 2007, Gennady Timchenko founded his own oil and gas company, Volga Vostochny, and in 2014 he sold his stake to another

Colombo, Russian Real Estate, 14-06-12 09:21. Osäkert med F57, Russian Real Den 19 mars 2014 överlät Gennady Timchenkos holdingbolag samtliga holdingbolagets aktier i Gunvor Group till Torbjörn Törnqvist personligen. Gunvor Group Detta var någonting som Torbjörn Törnqvist starkt förnekade.

A Swedish citizen, he is also a ke Gennady Timchenko.jpg Tillsammans med den svenske affärsmannen Torbjörn Törnqvist grundade han 1997 oljehandelsföretaget Gunvor Group med Gunvor Group grundades 1997 av Gennadij Timtjenko och Torbjörn Törnqvist Gennady Timchenko Gunvor, Putin and me: the truth about Russian oil trader Se Torbjörn Törnqvists profil på LinkedIn, världens största yrkesnätverk. Torbjörn har angett 6 Gillas av Torbjörn Törnqvist Gennady Timchenko. --.
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Pour les deux patrons de Gunvor l’exercice fait depuis figure de mauvaise expérience. Tornqvist bought out Timchenko's 43.5% stake and became a nominal owner of 87% stake in the company, on 19 March 2014. On 20 March 2014 Timchenko was included on the United States' Sanctions list in the wake of the annexation of Crimea by Russia, due to his close ties with Russian President Vladimir Putin.

Gennady Timchenko Founder, Volga Resources Genève.
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Gunvor was co-founded in 2000 by Mr Tornqvist, a former BP trader, and billionaire Russian businessman Gennady Timchenko. The privately-owned company has grown rapidly during the past decade and is

In second spot is Gennady Timchenko, co-founder of Gunvor, with a net worth of US$9.1 billion. Coming in third is Torbjorn Tornqvist with an estimated net worth of US$8.7 billion. Rank Name Est. Net Worth (US$ billion) 1 Klaus-Michael Kuhne 10.0 2 Gennady Timchenko 9.1 3 Torbjorn Tornqvist 8.7 4 Ivan Glasenberg 6.5 5 Beny Steinmetz 5.8 6 Johann Rupert 5 In 1991, Timchenko left Russia and began working for Urais Finland, which specialized in exporting Russian oil and petrochemical products to European countries. In 1997, Gennady Timchenko co-founded the Gunvor Group Ltd. with his partner Torbjorn Tornqvist. Tornqvist got his start at British Petroleum in 1977 and founded Gunvor with Russian billionaire, Gennady Timchenko, in 2000. In 2014, one day before the US Treasury imposed sanctions against Timchenko over Russia’s annextion of Crimea, Tornqvist bought out Timchenko.

Den 19 mars 2014 överlät Gennady Timchenkos holdingbolag samtliga holdingbolagets aktier i Gunvor Group till Torbjörn Törnqvist personligen. Gunvor Group

Törnqvist was born in 1953, part of which went to repay his co-founder Gennady Timchenko, who sold his 44% to Törnqvist in March 2014, a day before Timchenko was sanctioned by the US for his "close ties to Vladimir Putin". Founded in 1997 by Swedish businessman Torbjorn Tornqvist and Russian tycoon Gennady Timchenko, Gunvor started from scratch – or almost – to become the top trader in Russian oil in just a few years. Between 2005 and 2007, the company’s sales went up from USD 5 billion to USD 43 billion. 2014-12-16 Seven years on, Tornqvist, 60, is still dogged by the same speculation, this time provoked by the U.S. slapping sanctions on his long-time partner, Gennady Timchenko, one of the most loyal 2014-09-26 May 23 (Interfax) - Swedish businessman Torbjorn Tornqvist, who became the majority shareholder of Gunvor after sanctions were imposed against Russian billionaire Gennady Timchenko, has not offered to sell his former partner at the oil trader a stake in Ust-Luga Oil, the owner of Tornqvist has not offered to sell Ust-Luga Oil stake to Timchenko. A move by Torbjorn Tornqvist to sell shares in Gunvor Group Tornqvist bought out Gennady Timchenko a day before the Russian was hit by U.S. sanctions that alleged Gunvor had a … Timchenko was the co-founder (together with Torbjörn Törnqvist) of Gunvor Group, a corporation registered in Cyprus, and operating in trading and logistics related to the international energy market. Gennady Timchenko-Wikipedia Gennady Timchenko, Mr Timchenko, Russia’s sixth richest man according to Forbes, sold his stake to business partner Torbjorn Tornqvist "to ensure with certainty the continued and uninterrupted operations” of the company, Gunvor was founded by Mr Timchenko and Mr Tornqvist, now chief executive. Three years later he founded Gunvor with Russian billionaire, Gennady Timchenko.