Gunvor mandates for third facility in fortnight

18 Dec 2012

Swiss energy trade Gunvor has mandated two banks for a $100m secured acquisition facility, just one week after signing loans totalling $1.69bn.

Deutsche Bank and VTB Bank will arrange and underwrite the deal. The funds will finance Gunvor’s purchase of Swiss oil firm Petroplus’ refinery and marketing operations in Ingolstadt, Germany.

The acquisition deal closely follows Gunvor’s oversubscribed $1.16bn revolving credit facility that it signed last week. The firm launched ...

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