07 May 2025
Yesterday, VARO welcomed around 200 representatives from financial institutions - both in person and via live broadcast - to its headquarters in Switzerland.
The event provided a valuable opportunity to engage directly with financial partners who support our company’s growth, reinforcing the strong collaboration and shared ambition that underpin our strategy.
Our CEO, Dev Sanyal and CFO, Georges Menane presented VARO’s financial framework, highlighting a solid foundation of resilience, disciplined capital allocation, and a focus on long-term value creation through the company’s growth strategy. They also shared further insight into the recently announced acquisition of Preem - a transformative transaction that, subject to regulatory approvals, will double the size of our company and create a new leading force in energy. With greater scale, geographic reach, and manufacturing capability, VARO is building a platform well positioned to capitalise on the rapidly growing demand for renewable fuels.
The event reaffirmed the strength of our “twin-engine” strategy, which combines the stability of conventional operations with the momentum of sustainable growth. This approach continues to offer a compelling risk-return profile and underpins our long-term value creation strategy.
The strong engagement from financial partners reflects continued confidence in VARO’s direction. We remain focused on delivering performance and maintaining the trust of its stakeholders.
For further information, please contact
VARO Communications
Angela Nemeth
Phone: +41795129421
Email: [email protected]
Brunswick
Will Medvei and Nabhan Malik
Phone: +44 (0)20 7404 5959
Email: [email protected]