Moscow Times 17 May 2013
Oil trader Gunvor, co-owned by businessman Gennady Timchenko, in January bought a 9.9-percent stake in Swedish oil and gas company PA Resources, a news report said Thursday, citing the company’s corporate materials.
As a result of the acquisition, the Swiss-based oil trader became the Swedish firm’s major shareholder; Swedish investment fund Avanza Pension, the next biggest shareholder, owns 6.8 percent of the company, Vedomosti reported.