Teboil’s crisis|The multinational Gunvor Group buys the Russian oil company Lukoil. The agreement covers all of the company’s international holdings, including Teboil, which operates in Finland.
The summary is made by artificial intelligence and checked by a human.
The Russian energy company Lukoil has received a purchase offer for its international operations from Gunvor Group.
The founders of Gunvor Group include businessman Gennady Timchenko, who is known as a friend of Putin and is on the sanctions list.
If implemented, the deal would probably also affect the crisis-ridden Teboil, which belongs to Lukoil.
Russian energy company Lukoil said on Thursday that it had received a purchase offer for its international operations.
The multinational Gunvor Group said it was willing to buy these non-Russian operations.
Domestic Teboil, which has fallen into crisis, belongs to Lukoil.
Just over a week ago, the American sanctions drove the Finn Teboil’s trouble. After that, the gas station chain’s payment traffic and fuel deliveries are suffered from problems.
According to the letter seen by STT, Teboil has confirmed to its stakeholders that its ownership will be transferred from the Russian oil company Lukoil to the Gunvor Group.
Teboil says in its letter that it will take all reasonable steps to fulfill its obligations, the implementation of which may have been delayed due to, among other things, sanctions restrictions.
I locked it message from the beginning of the week that it intends to sell its foreign holdings. The reason is the sanctions imposed by the United States.
I locked according to the release the terms of the deal would have already been agreed upon, and the Russian company does not intend to negotiate with other potential buyers now.
Lukoil explains that the deal still requires the fulfillment of various permits and conditions.
The Gunvor Group replied by email to HS that it is not yet commenting on the matter.
Later on Thursday, a representative of Gunvor Gropup Seth Pietras confirmed to STT that the Russian oil company Lukoil accepted by the purchase offer covers all of the company’s international holdings. Pietras told STT about it by e-mail.
In practice, the purchase offer therefore also applies to the Finnish fuel company Teboil, which is owned by Lukoil.
Torbjörn Törnqvist.
Gunvor like Lukoil, is strongly linked to the current management of Russia. The founders include a businessman known to Finns Gennady Timchenko.
Timchenko founded Gunvor websites according to the company in 2000 the Swedish Torbjörn Törnqvistin with. They have made billions selling Russian oil to the world.
Last year, Gunvor Group reported that it made a turnover of 136 billion dollars, or a good 117 billion euros. After taxes, the company made a profit of 729 million dollars, or about 628 million euros.
Timchenko known as the former owner of the hockey team Jokers and the president of Russia Vladimir Putin as a friend.
Timchenko is on the sanctions lists of the EU, the United States and the United Kingdom because of his ties to Putin. Timchenko is the first Finnish citizen to be subject to EU sanctions against Russia.
Timchenko was already subject to US sanctions in 2014, when he sold all his shares to Törnqvist.
Less than two years after the sanctions were imposed, Gunvor paid Törnqvist a billion-dollar dividend, which he used to pay for the ownership stake in the company he bought from Timchenko, according to the Financial Times.
Törnqvist is currently the chairman of Gunvor’s board.