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VARO is backed by a diverse group of shareholders that includes Carlyle International Energy Partners, Reggeborgh and Vitol.

Read more about our shareholders.


Reggeborgh is a Dutch private investment company and long-established family business. It was formed in 1990 and has since developed into an independent investor focusing on strategic, long-term market opportunities. Reggeborgh has a strong, diverse portfolio with a proven track record. Their portfolio contains companies with prominent market positions in construction and infrastructure, real estate, telecom, commodities and energy.


The Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $174 billion of assets under management across 306 investment vehicles as of September 30, 2017. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of which are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Market Strategies and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defence and government services, consumer and retail, energy and power, financial services, healthcare, industrial, infrastructure, real estate, technology and business services, telecommunications and media and transportation. The Carlyle Group employs more than 1,550 people in 31 offices across six continents.



Vitol is an energy and commodities company with revenues of over $300 billion. Its core trading business is complemented by a range of strategic investments, ranging from refineries and storage to retail and distribution businesses. Since its inception in 1966, Vitol has sourced crude oil for European refineries and distributed the refined European products around the world. Today, it supplies European refineries with around 1.2 million barrels of crude oil a day.


Contact us

Would you like more information about our shareholders or do you have other questions? Please contact us.

+41 (0)41 7472300
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