Swiss Billionaire Sells Stake in Gunvor

Swiss billionaire Torbjörn Törnqvist sells his stake in Gunvor, a trading house he co-founded, following US accusations of being a Russian puppet. The deal, valued at $6.6 billion, allows Gunvor to reset after past controversies. Gary Pedersen, formerly Gunvors boss in the Americas, is appointed as the new group chief executive, emphasizing the companys financial strength and leadership depth for global growth.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.