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VARO is backed by a diverse group of shareholders that includes Carlyle International Energy Partners, Reggeborgh and Vitol. 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. The company refines, stores, and distributes oil products in The Netherlands , Switzerland, Germany, and France. The company owns a refinery in Cressier, Switzerland, a minority share in the Bayernoil refinery, Southern Germany, all Petrotank storage facilities throughout Germany, as well as additional storage facilities, distribution and marketing businesses in Benelux, France, Germany and Switzerland. Vitol Vitol is an energy and commodities company with revenues of over $300 billion. Under the … This merger transforms Varo Energy into a major new downstream player in North West Europe, led by Roger Brown, the current CEO of Varo Energy. Under the terms of … On completion of these transactions, the Varo Energy business will comprise three core areas; refining wholesale distribution and storage, with a combined refining capacity of 160k bbl/d, sales of 10MM m3 per year and 1.7 MM m3 of storage capacity. 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. 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. Globally Vitol trades over 5 million barrels of crude oil and oil products per day and revenues in 2012 were $303 billion. 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. The distribution business will continue to serve clients in Hamburg, Bavaria and along the Rhine, as well as throughout Switzerland. 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. Vitol is an energy and commodities company. 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. It follows an aborted IPO plan from Vitol’s European downstream venture, Varo Energy, which pulled its Amsterdam flotation last month. The enlarged group, based in Zug (Switzerland), focuses on three core business areas: Argos’ participation in Nefco (LPG) and the Argos sea bunkering business do not form part of the merger. Founded in Rotterdam in 1966, today Vitol trades over eight million barrels of crude oil and products a day. Supporting this is the Carlyle network and capital markets experience. Its assets will include the Cressier refinery in Switzerland, all the Petrotank storage facilities throughout Germany, additional storage facilities in Switzerland, and – after the acquisition from OMV   also a 45% shareholding in the Bayernoil refinery in Bavaria, Germany. The Carlyle Group and Vitol Group to invest in Varo Energy. 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. We sit at the heart of global energy flows, moving energy from source to customer quickly, responsibly and cost-effectively. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, technology & business services, telecommunications & media and transportation. This merger transforms Varo Energy into a major new downstream player in North West Europe, led by Roger Brown, the current CEO of Varo Energy. (Vitol, Carlyle, Reggeborgh, Varo and Argos DSE are collectively referred to as "Parties".) This site uses cookies to provide you with a great user experience. 2014 September. Vitol is an energy and commodities company. The combined business has the scale and capability to better service our customers; safely, efficiently and reliably across the region. The Carlyle Group employs more than 1,450 people in 34 offices across six continents. The Carlyle Group and Vitol Group have announced a transaction to establish Varo Energy B.V. as a major midstream energy business in north-west Europe. 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. Its core trading business is complemented by a range of strategic investments, ranging from refineries and storage to retail and distribution businesses. 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 more information: www.vitol.com. 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. 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. ... VARO purchases Vitol Marketing & Petrotank in Germany. 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 … 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. For over 50 years we have used our networks and infrastructure to manage the flow of energy around the world, efficiently and responsibly. For over 50 years we have used our networks and infrastructure to manage the flow of energy around the world, efficiently and responsibly. Vitol-backed Varo Energy and GoodFuels are stepping up their biofuel drive for shipping. AtlasInvest will sell its shareholding in VARO Energy to CIEP while Vitol will reduce … For over 50 years we have used our networks and infrastructure to manage the flow of energy around the world, efficiently and responsibly. Vitol Group and Vitol Investment Partnership in joint venture arrangements with The Carlyle Group in connection with the establishment of Varo Energy, a major midstream energy … 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. Vitol trades with all the major national oil companies, the integrated oil majors and the independent refiners and traders. Web:www.carlyle.com Videos:www.youtube.com/onecarlyle Tweets:www.twitter.com/onecarlyle Podcasts: www.carlyle.com/about-carlyle/market-commentary/481. Devon Energy and WPX Energy to Combine in Merger of Equals, Creating a Leading Energy Company Focused on Generating Free Cash Flow and Return of Capital to Shareholders Devon Energy and WPX Energy announced they have entered into an agreement to … 1. 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) THE PARTIES AND THE OPERATION (2) Varo is an undertaking active in the downstream oil sector with a geographical focus on Germany and Switzerland. Energy B.V ("Varo") which will be merged with Argos Downstream Europe B.V ("Argos DSE")3. VARO acquires Gekol. 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. Varo Energy is owned by international energy and commodities company Vitol, and global alternative asset manager The Carlyle Group. Varo Energy is a major downstream energy company serving clients across North West Europe. Vitol is an energy and commodities company. VARO acquires German wholesale distributor Gekol and its subsidiary Marol. 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 … Vitol Holding BV engages in the distribution and trading of energy products. It is an exciting development which underlines our commitment to Varo Energy and north-west Europe.” About Vitol Varo Energy is a partnership between the global alternative asset manager The Carlyle Group and international energy and commodities company Vitol. Varo Energy will expand its refining capability in Switzerland and Germany and acquire complementary pipeline, storage and wholesale distribution businesses. Argos and Varo Energy will be integrated into one enlarged Varo Energy Group. 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. Reggeborgh is a Dutch private investment company and long-established family business. 2015. Varo Energy is owned by international energy and commodities company Vitol, and global alternative asset manager The Carlyle Group. For more information about VARO, please visit www.varoenergy.com. We work with partners to support and supply global energy flows, moving energy responsibly, safely and cost effectively around the world. Bunkering VARO starts supply of VLSFO marine fuels in Bremerhaven in addition to port of Hamburg 21 October 2019 Read article Merger & Acquistions VARO signs deal to acquire the business activities of SMD Beheer BV in the Netherlands 18 September 2019 Read article 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. 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. On behalf of its investors, many of whom are public pensions accept, Health,,! Plan from Vitol ’ s European downstream venture, Varo and Argos are... Consolidation and an extensive storage and wholesale distribution businesses, first announced in May 2015, has been completed,. 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