Gunvor Founder Törnqvist Got Over $1 Billion Upfront in Buyout

Gunvor Group’s outgoing owner Torbjörn Törnqvist received over $1 billion in upfront payments as part of a hasty sale of his company to its management, according to documents seen by...

By Jack Farchy, Archie Hunter · Bloomberg Markets

Gunvor Group’s outgoing owner Torbjörn Törnqvist received over $1 billion in upfront payments as part of a hasty sale of his company to its management, according to documents seen by Bloomberg News.