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VARO acquires Gekol. Hong Kong’s billionaire Cheng family, which controls a real estate and jewelry empire, is exploring a bid for European fuel supplier Varo Energy BV, people with knowledge of the matter said. In addition, the enlarged Varo Energy Group has agreed to acquire an additional 50% share in Rhytank AG, a service provider with storage facilities in Birsfelden (Switzerland) comprising 63 tanks with a total capacity of 347,000 m3. Varo Energy is owned by international energy and commodities company Vitol, and global alternative asset manager The Carlyle Group. In conjunction with CIEP’s investment into Varo Energy, Varo Energy will acquire from Vitol all shares in PT Holdings GmbH, the holding company for Petrotank Neutrale Tanklager GmbH and all shares in Vitol Germany GmbH. VARO announces the growth of retail activities in the Netherlands by signing an agreement to acquire 100% of the shares of Inter Oil B.V., a holding company, gaining the … Web:www.carlyle.com Videos:www.youtube.com/onecarlyle Tweets:www.twitter.com/onecarlyle Podcasts: www.carlyle.com/about-carlyle/market-commentary/481. Select location. Cham, 25th August 2020 - VARO Energy (VARO) today announces that it is the first company to offer its customers in Germany the possibility to meet some of the mandatory 6% FQD (Fuel Quality Directive) obligation through Upstream Emission Reductions (UERs) Certificates. Varo, which operates refineries in Switzerland and Germany with crude processing Argos Varo vitol revenue 2020 Energy Press Release us dollar coin george washington E Arcadia Trading| London| Singapore| New YorkSolving Your Core Home Care & Hospice Challenges Le Bon Coin 88 Moto Varo Energy Marketing serves customers in Switzerland and Germany. This site uses cookies to provide you with a great user experience. Commenting on the transaction, Ian Taylor, President & CEO, Vitol, said: “This transaction will enable Varo Energy to benefit from the synergies of consolidation and an extensive storage and distribution network. Vitol Vitol is an energy and commodities company with revenues of over $300 billion. Commenting on the transaction, Ian Taylor, President & CEO, Vitol, said: “This transaction will enable Varo Energy to benefit from the synergies of consolidation and an extensive storage and distribution network. Press The Carlyle Group and Vitol Group invest in VARO Energy 19 December 2014 Read article; Press VARO Energy completes acquisition of Total Suisse storage … Varo Energy will expand its refining capability in Switzerland and Germany and acquire complementary pipeline, storage and wholesale distribution businesses. For over 50 years we have used our networks and infrastructure to manage the flow of energy around the world, efficiently and responsibly. Hong Kong’s billionaire Cheng family, which controls a real estate and jewelry empire, is exploring a bid for European fuel supplier Varo Energy BV, people with knowledge of the matter said. For over 50 years we have used our networks and infrastructure to manage the flow of energy around the world, efficiently and responsibly. AtlasInvest will sell its shareholding in Varo Energy to CIEP while Vitol will reduce its current stake to enable each party to own 50%. Varo Energy today announced that the merger between Argos and Varo Energy, first announced in May 2015, has been completed. Under the terms of the proposed transaction, Vitol and Carlyle International Energy Partners (CIEP) will each own 50% of an enlarged Varo Energy Group.… Globally Vitol trades over 5 million barrels of crude oil and oil products per day and revenues in 2012 were $303 billion. VARO’s shareholders include private investment company Reggeborgh; Carlyle International Energy Partners, an advisory fund which is part of the global alternative asset manager The Carlyle Group; and international energy and commodities company Vitol. Under the terms of the proposed transaction, Vitol and Carlyle International Energy Partners (CIEP) will each own 50% of an enlarged Varo Energy Group. Varo Energy is a major downstream energy company serving clients across North West Europe. It is an exciting development which underlines our commitment to Varo Energy and north-west Europe.” For More Information: Carlyle Catherine Armstrong +44 (0) 207 894 1632; catherine.armstrong@carlyle.com, Katharina Gebsattel +49 172 718 68 57 katharina.gebsattel@vub.de, Vitol Elaine Carroll, Cohn & Wolf (Switzerland, Germany & Austria) +41 22 908 4076 elaine.carroll@cohnwolfe.com, Elizabeth Adams, Brunswick (UK) +44 207 396 5331 vitol@brunswickgroup.com, Andrea Schlaepfer, Vitol +44 207 973 4230, About Vitol: The Vitol Group was founded in 1966 in Rotterdam, the Netherlands. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Under the terms of the proposed transaction, Vitol and Carlyle International Energy Partners (CIEP) will each own 50% of an enlarged VARO Energy Group. Transforming light crude oil and condensates to produce naphtha, jet fuel, gas oil and residuals, it is strategically located to service customers across the region. For more information about VARO, please visit www.varoenergy.com. By using the Vitol website, you accept, Health, Safety, Environment, Human Rights and Communities (HSEC), Refining –  wholly owned refinery in Cressier (Switzerland) and a minority share in the Bayernoil refinery (Germany), Transport and storage of oil products across a network of close to 50 tank terminals in Benelux, France, Germany and Switzerland, Trading, distribution and sales of high quality products across North West Europe. Energy B.V ("Varo") which will be merged with Argos Downstream Europe B.V ("Argos DSE")3. The team operates primarily from offices in London while leveraging Carlyle’s local offices to pursue opportunities across Europe, Africa, Asia and Latin America and is reinforced by Carlyle’s regional fund teams and global investment professionals. The combined business has the scale and capability to better service our customers; safely, efficiently and reliably across the region. The group also now has a significant retail footprint in Benelux, which will serve as a base for us to grow this part of our business.”. In conjunction with CIEP’s investment into Varo Energy, Varo Energy will acquire from Vitol all shares in PT Holdings GmbH, the holding company for Petrotank Neutrale Tanklager GmbH and all shares in Vitol Germany GmbH. For more information: www.vitol.com. Read more. Varo subsidiary Reinplus Fiwado Bunker (RFB) and the Dutch producer have extended a … The CIEP team focuses on transactions where it has a distinctive competitive advantage and can create tangible value for companies in which it invests, through industry specialization, deployment of human capital and access to Carlyle’s global network. About The Carlyle Group: The Carlyle Group is a global alternative asset manager with US$185bn of assets under management (“AUM”) across 122 funds and 81 fund of funds vehicles as of September 30, 2013. 16/11 - Vitol partners with Wastefront to market liquid hydrocarbons made from recycled tyres (lue 87 fois) 16/11 - Sapura Energy secures Al-Khalij pipeline project (lue 82 fois) 16/11 - Maersk Drilling secures one-well contract extension for drillship Maersk Viking (lue 89 fois) Varo Energy is a major downstream energy company serving clients across North West Europe. VARO Energy Eyes IPO By Ben Dummett and Sarah Kent Varo Energy BV’s owners, including U.S. private equity giant Carlyle Group and commodities trader Vitol Group, are eyeing an initial public offering next year that could value the European oil refiner around $2 billion, according to people familiar with the matter. Ian Taylor, who helped build Vitol into the world's biggest oil trader, will step down as chief executive and continue as chairman, ... Vivo Energy and Varo Energy. Global alternative asset manager The Carlyle Group and the Vitol Group of Companies today announced a transaction intended to establish Varo Energy B.V. as a major midstream energy business in north-west Europe. Supporting this is the Carlyle network and capital markets experience. VARO’s shareholders include private investment company Reggeborgh; Carlyle International Energy Partners, an advisory fund which is part of the global alternative asset manager The Carlyle Group; and international energy and commodities company Vitol. Varo Energy today announced that the merger between Argos and Varo Energy, first announced in May 2015, has been completed. Global alternative asset manager The Carlyle Group and the Vitol Group of Companies today announced a transaction intended to establish Varo Energy B.V. as a major midstream energy business in north-west Europe. CIEP is led by Marcel van Poecke, a leading international energy investor and operator, and his team is comprised of long-tenured international energy professionals with oil and gas industry investment and operational expertise. Varo Energy is a partnership between the global alternative asset manager The Carlyle Group and international energy and commodities company Vitol. VPR Energy VPR energy is wholly owned by Vitol and is located at the heart of Rotterdam’s oil and petrochemical industry, near the village of Rozenburg, in the Netherlands. This is the second investment by CIEP, a fund that focuses on oil and gas exploration & production, midstream, refining & marketing and oil field services in Europe, Africa, Latin America and Asia. About Bauer Resources GmbH AtlasInvest will sell its shareholding in Varo Energy to CIEP while Vitol will reduce its … Varo Energy is a joint venture between Vitol, the world’s largest independent oil trader, and the Carlyle Group, one of the world’s largest alternative asset managers. (Vitol, Carlyle, Reggeborgh, Varo and Argos DSE are collectively referred to as "Parties".) Founded in Rotterdam in 1966, today Vitol trades over eight million barrels of crude oil and products a day. Under the terms of the proposed transaction, Vitol and Carlyle International Energy Partners (CIEP) will each own 50% of an enlarged Varo Energy Group. Vitol-backed Varo Energy and GoodFuels are stepping up their biofuel drive for shipping. We work with partners to support and supply global energy flows, moving energy responsibly, safely and cost effectively around the world. Vitol is an energy and commodities company. Javed joined Vitol in 2009 and currently holds positions at a number of Vitol’s portfolio companies, including as a board member for Petrol Ofisi, VTTI, Viva Energy Australia, VPI Holding and OVH Energy. Rhytank AG, a joint-venture between Argos Switzerland and Fluvia Holding, an international tanker shipping and port logistics provider, currently employs 21 staff and will become a wholly owned entity of Varo Energy effective 3 September. Aviation location map. For more information about Varo Energy, please visit www.varoenergy.com. The group will have 1,500 employees (1) and handle over 16 million m3 of products per year. Vitol and its partners, however, scrapped an IPO of their European oil products venture, Varo Energy, in April, citing poor market conditions at the time. Varo Energy is owned by international energy and commodities company Vitol, and global alternative asset manager The Carlyle Group. From today, Varo Energy’s shareholders include private investment company Reggeborgh; Carlyle International Energy Partners, an advisory fund of the global alternative asset manager The Carlyle Group; and international energy and commodities company Vitol. (Vitol, Carlyle, Reggeborgh, Varo and Argos DSE are collectively referred to as "Parties".) The Carlyle Group and Vitol Group to invest in Varo Energy. About Carlyle’s Energy Platform: Carlyle has carefully constructed a broad-based energy investing platform (over $25bn in AUM) offering innovative investment opportunities, including international energy investing in oil & gas exploration & production, midstream, oil field services and refining & marketing in Europe, Africa, Latin America and Asia (CIEP), U.S. energy investing (NGP Energy Capital Management where Carlyle owns 47.5% of revenues), project finance (Energy Mezzanine), Power (Cogentrix) and Commodities (Vermillion) and the firm’s proven buyout capabilities in transactions such as Philadelphia Energy Solutions and Kinder Morgan. This site uses cookies to provide you with a great user experience. Varo owns the Cressier Refinery in Switzerland and 45 percent of the Bayernoil plant in Germany. Vitol is an energy and commodities company. Since then the company has grown significantly to become a major participant in world commodity markets and is now the world’s largest independent energy trader. VARO Energy Eyes IPO By Ben Dummett and Sarah Kent Varo Energy BV’s owners, including U.S. private equity giant Carlyle Group and commodities trader Vitol Group, are eyeing an initial public offering next year that could value the European oil refiner around $2 … “This transaction will enable Varo Energy to benefit from the synergies of consolidation and an extensive storage and distribution network. These transactions are expected to close before or during the first half of 2014. 19-12-2013. By using the Vitol website, you accept, Health, Safety, Environment, Human Rights and Communities (HSEC), www.carlyle.com/about-carlyle/market-commentary/481. Commenting on the transaction, Ian Taylor, President & CEO, Vitol, said: “This transaction will enable Varo Energy to benefit from the synergies of consolidation and an extensive storage and distribution network. Varo Energy will expand its refining capability in Switzerland and Germany and acquire complementary pipeline, storage and wholesale distribution businesses London, UK – Global alternative asset manager The Carlyle Group and the Vitol Group of Companies today announced a transaction intended to establish Varo Energy B.V. as a major midstream energy business in north-west Europe. Reggeborgh is a Dutch private investment company and long-established family business. We sit at the heart of global energy flows, moving energy from source to customer quickly, responsibly and cost-effectively. 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