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Oryx Energies Sold for About $1 Billion in Management Buyout

Bloomberg Markets Thursday 08 October 2026, 17:24 UTC By Paul Burkhardt 1 min read
Key Points

Deals Oryx Energies Sold for About $1 Billion in Management Buyout Oryx Energies SA, an Africa-focused trader, was sold for around $1 billion in a management buyout, according to a source familiar with the deal. Oryx Chief Executive Officer Moussa Diao and Trading Manager Herve Bouvet bought the majority of shares from founder Jean Claude Gandur, said the person who asked not to be identified because the information isn’t public.

Deals Oryx Energies Sold for About $1 Billion in Management Buyout Oryx Energies SA, an Africa-focused trader, was sold for around $1 billion in a management buyout, according to a source familiar with the deal. Oryx Chief Executive Officer Moussa Diao and Trading Manager Herve Bouvet bought the majority of shares from founder Jean Claude Gandur, said the person who asked not to be identified because the information isn’t public.
SA (ORG) Africa (LOCATION) Moussa Diao (PERSON) Herve Bouvet (PERSON) Jean Claude Gandur (PERSON)
Originally published by Bloomberg Markets Read original →

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