The stake wasacquired by fellow Gunvor co-founder Torbjorn Tornqvist, who now holds 87% ofthe company
Gunvor saidthat “senior managers within the company” control the remaining 13% of sharesin the company and that there are “no outside investors”.
The move was made in anticipation of “potentialeconomic sanctions” so to ensure the continued and uninterrupted operations of thegroup.
OnThursday US President Barack Obama expanded US financial sanctions to twenty moreRussian officials one of which was Timchenko.
“We
