Killajoules

EU Approves Gunvor Purchase Of German Petroplus Assets
The European Commission has approved regulatory clearance for Gunvor Group Ltd's acquisition of the assets of Petroplus' refinery in Ingolstadt and related German marketing activities. The clearance marks a key milestone for Gunvor in the closing process.

Sale of the majority of the assets at the Coryton site to a joint venture, consisting of Royal Vopak, Greenergy and Shell UK
The Joint Administrators of PRML today announced that they have entered into an agreement for the sale of the majority of the assets at the Coryton site to a joint venture, consisting of Royal Vopak, Greenergy and Shell UK Limited.

Petroplus Bavaria Employees Welcome Gunvor CEO
More than 200 Petroplus Bavaria employees and members of management welcomed Gunvor Group CEO Torbjörn Törnqvist to the Ingolstadt plant last week. The visit was the first by Törnqvist since Gunvor announced the acquisition of the refinery’s assets, which will keep open the plant saving hundreds of jobs.

Gunvor Group signed a purchase agreement to acquire the assets of Petroplus’ Ingolstadt refinery and related German marketing
Gunvor Group, one of the world's major independent commodity trading companies, has announced that it has signed a purchase agreement to acquire the assets of Petroplus’ refinery in Ingolstadt and related German marketing activities.

PWC Fails to find a buyer for Petroplus's Coryton Refinery
In February the Joint Administrators of PRML announced that they had entered into an arrangement which allowed operations to continue at the Coryton refinery whilst various restructuring and sale options were explored. Since that date work has been ongoing to either sell the refinery as a going concern or to refinance its operations.

Vitol and AtlasInvest enter into a definitive agreement with Petroplus for the purchase of the Cressier Refinery
The Vitol Group announced today that Varo Holding SA, a joint venture between the Vitol Group and AtlasInvest, have entered into a definitive agreement with a wholly owned subsidiary of Petroplus Holdings AG for the purchase of the assets of Petroplus Refining Cressier S.A. and the related Swiss marketing and logistics assets.

Gunvor Group bids successfully to purchase Petroplus’s Antwerp refinery Gunvor Group bids successfully to purchase Petroplus’s
Gunvor Group, one of the world's major independent commodity trading companies, has announced that it has successfully bid to purchase Petroplus’s refinery in Antwerp.

Petroplus Refining and Marketing Limited - in administration - Update from the joint administrators
The joint administrators of PRML, which owns and operates the oil refinery at Coryton Essex, have issued their proposals to the company’s creditors. The proposals set out the actions the administrators have taken to date and the manner in which they are seeking to restructure the company.

Petroplus Provides Update Regarding Proceedings
Petroplus Holdings AG (SIX: PPHN) today announced that it and its subsidiary in Switzerland, Petroplus Marketing AG, filed for composition proceedings (“Nachlassstundung”).

Petroplus Announces Administration Orders in the United Kingdom
Petroplus Holdings AG (SIX: PPHN) today announced that its subsidiaries in the United Kingdom, Petroplus Refining & Marketing Ltd. (“PRML”), which owns the Coryton refinery, and Petroplus Refining Teesside Ltd., which owns the Teesside Marketing & Storage facility, applied for and were granted administration orders.