According to CEO Gary Pedersen, does the multibillion-dollar loan from former owner Torbjörn Törnqvist hinder Gunvor’s growth prospects?

No — Pedersen explicitly stated, 'It’s not a penalizing structure to hamper our growth,' and affirmed that Gunvor 'is set up to still grow, still make investments and participate in all of our markets.' He emphasized the company retains ample capacity to invest and trade despite the reduced equity base following the payout to Törnqvist.

How has Gunvor’s governance and growth potential changed following the transition from Torbjörn Törnqvist’s majority ownership to a partnership model?

Pedersen explained that under Törnqvist’s sole leadership — where he was 'the concentration, the decision maker, the ultimate trader' — the firm hit growth ceilings; by contrast, the new partnership model 'really uncorks all of that,' enabling broader decision-making and unlocking previously constrained expansion opportunities.

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