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The rebranding signifies the subsequent phase of business growth after the finalization of a management buyout in December 2025. The new name "aims to showcase the company's progression under its updated ownership framework, management style, and future strategic goals."
In late 2025, Gunvor co-founder Torbjörn Törnqvist sold his share of the company to its management and resigned as CEO. Centalion is completely owned by its employees.
The shift to the new brand throughout subsidiaries, trading offices, and divisions globally will require several months.
The intended relocation to Singapore—where the firm has operated since 2006—is motivated by elements such as the nation's solid legal and business framework and its strong financial and trading systems, the announcement reads.
Besides Singapore, Centalion will operate important trading offices in Geneva and Houston, where Gary Pedersen, Chairman and CEO, is located.
The firm ranks among the globe's largest merchants of oil and petroleum goods and is a significant participant in the liquefied natural gas (LNG) sector.
source: reuters.com
In late 2025, Gunvor co-founder Torbjörn Törnqvist sold his share of the company to its management and resigned as CEO. Centalion is completely owned by its employees.
The shift to the new brand throughout subsidiaries, trading offices, and divisions globally will require several months.
The intended relocation to Singapore—where the firm has operated since 2006—is motivated by elements such as the nation's solid legal and business framework and its strong financial and trading systems, the announcement reads.
Besides Singapore, Centalion will operate important trading offices in Geneva and Houston, where Gary Pedersen, Chairman and CEO, is located.
The firm ranks among the globe's largest merchants of oil and petroleum goods and is a significant participant in the liquefied natural gas (LNG) sector.
source: reuters.com
