Gunvor, Russia Metals and Mining

Gunvor returns Russian.

Andrey Bokarev got another asset of the trader.
Speculation that the assets of oil trader Gunvor, the share in which Gennadiy Timchenko sold Swedish partners a day before the introduction of the US sanctions against the businessman, will stay long under foreign control is confirmed. Following "Kolmar" Gunvor sold control of oil product terminal "Ust-Luga Oil" to the structure of businessman Andrey Bokarev. He began working with Gennadiy Timchenko even before the sanctions, becoming in 2012 the owner of the railway operator "Transoil". But the terminal was the largest deal in the history of this partnership - analysts estimate the share in it at 70 billion roubles.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Timchenko has announced plans to sell its stake in "Kolmar" to the Chinese.

Volga Group of the Russian billionaire Gennadiy Timchenko plans to sell its stake in the coal company "Kolmar" to investors from China, "Interfax" informs.
"I'm waiting for the Chinese", - Timchenko stated in response to a question about the possible sale of his stake in "Kolmar". The billionaire added that the minority owners of "Kolmar" might also sell their shares to the Chinese.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Gunvor sells 30% of coal company Kolmar

The buyers are the structures of Andrei Bokarev and Iskander Makhmudov, major shareholders of UGMK. After the sale of the asset, the Volga Group of Timchenko will still have 30%. Pronedra previously reported that within balancing the portfolio of its assets, Gunvor planned to get rid of Russian companies.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
42a Pushkina Street; Ufa, Bashkortostan 450076; Russia
E 54° 43.48836" N 55° 55.52346"
Telephone: +7 927 303 00 25

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer