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UAE’s Adnoc Considers Bid for Oil Trader Gunvor

  • Gunvor is controlled by CEO and co-founder Torbjorn Tornqvist
  • Adnoc has held talks about deal for all or part of Gunvor


Photographer: Tim Rue/Bloomberg

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Abu Dhabi National Oil Co. is considering a deal to buy all or part of commodity trading house Gunvor Group, according to people with knowledge of the matter, in what would be one of the industry’s biggest deals in years.