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Goldsmith Capital Partners sets its sights on Petroplus

The Goldsmith Capital Partners Group, which was founded by German Clemens Vedder in 2007, has set its sights on acquiring the insolvent Swiss oil-refiner Petroplus, whose headquarters are in the city's Industriestrasse.
 
The investor is allegedly interested in buying all 5 refineries in Europe, including the one at Cressier in the canton of Neuchatel as well as the one at Coryton on the Thames estuary in Essex.
 
Vedder, 64, started off his career at the German department store Hertie, where at the age of 19 he was one of the youngest buyers. In the Seventies he set up his own business and became one of Germany's most successful sellers of legally-compliant tax avoidance schemes.
 
Despite the current difficulties at Petroplus, Goldsmith Capital Partners Group, which has been a shareholder of the oil refining company for some time, feels that there remains some potential in the business.
 
Michael Jaffe, the liquidator of the German Petroplus refinery in Ingolstadt, said that it was not appropriate to mention the names of companies interested in buying the refineries but he had been encouraged by recent developments. Both the Bavarian and English refineries are allegedly regarded as the prime assets of the group, with Russian and Asian companies interested in the latter.
 
As previously reported, the Petroplus company has been having problems for some time, with its five refineries having to be shut down within weeks of each other. 
 
 
 


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