On September 7, 2026, Torbjorn Tornqvist, co-founder and Chairman of Gunvor Group, one of the world’s largest independent commodity trading houses, announced the sale of his entire stake in the company to a management-led buyout led by Chief Executive Officer Torbjorn Kalman and other senior executives. The transaction converts Gunvor into a pure management partnership after nearly two decades of founder control. Gunvor generated approximately 87 billion dollars in revenue in 2024 and trades oil, gas, LNG and biofuels globally, with headquarters in Geneva and Nicosia. The purchase price was not disclosed. Financing details and closing conditions were not published. No advisers were named in the accessed source.
Sources:
AK&M. https://www.akm.ru/eng/news/