Gunvor Group ("Gunvor") has
commissioned the London Deutsche Bank AG (the content of book)
subsidiary and VTB Bank (Austria) as leaders mandated to arrange and
ensure the acquisition of a credit facility guarantee of 100 million USD
(the "facility") to finance the acquisition of the former Petroplus
refinery and business marketing in Ingolstadt, in Germany.
Gunvor is satisfied with the signing of this facility in view of the current difficulties in the European refining market. This
facility, which is the first of its kind for this sector in continental
Europe in recent years, recognizes the value of the assets of
Ingolstadt and the confidence it has in terms of trade of Gunvor.
Gunvor concluded its acquisition of the assets of Ingolstadt on 23 August, these refinery Gunvor Ingolstadt GmbH and the German marketing division of the refinery, Gunvor Deutschland GmbH. German companies, which have kept their more than 400 employees, serve markets in Upper-Austria and southern Germany, and restored an important supply of fuel as well as a considerable competition in the isolated area
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