Our shareholders

VARO is backed by world-class shareholders: The Carlyle Group (66.66%) and Vitol (33.33%).

Shareholder

Investors-CarlyleGroup

Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit and Global Investment Solutions. With $369 billion of assets under management as of September 30, 2022, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we invest. Carlyle employs more than 2,100 people in 29 offices across 5 continents.

Further information is available at www.carlyle.com.

Follow Carlyle on Twitter @OneCarlyle.

Shareholder

Investors-Vitol

Vitol is a leader in energy and commodities. Vitol produces, manages and delivers energy and commodities to consumers and industry worldwide. In addition to its primary business of trading, Vitol is invested in infrastructure globally, with $10+billion invested in long-term assets.

Vitol’s customers include national oil companies, multinationals, leading industrial companies and utilities. Founded in Rotterdam in 1966, today Vitol serves its customers from some 40 offices worldwide. Revenues in 2023 were $400bn.

Further information is available at www.vitol.com.

Follow Vitol on Twitter @vitolnews.