Gunvor Says Huge Buyout Loan From Ex-CEO No Growth Barrier

A multibillion-dollar loan from former owner Torbjörn Törnqvist won’t constrain energy trader Gunvor Group’s growth, its new chief executive officer said.

“It’s not a penalizing structure to hamper our growth,” Gary Pedersen said on Tuesday on the sidelines of the FT Commodities Global Summit in Lausanne. “We’re set up to still grow, still make investments and participate in all of our markets.”