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Gazprombank Sells Its Stake in Financial Service Firm GPB Global Resources

Established in 2011, GPB Global Resources B.V. is a renowned financial services firm with a focus on facilitating oil exploration and production projects in Africa and South America.

The firm is based out of the Netherlands, but due to its global ties, has its operations spread all over the world. With over 1,000 employees in multiple continents, it has made a name for itself due to its overall stature just as much as it has done so through its partnerships.

That’s why, when a minority stake holder in GPB Global Resources B.V. decided to sell its share of the company, it made for major news that was taken up by notable publications over the web.

The minority stake holder in question is Russian bank and lender Gazprombank, which recently confirmed the news to Reuters.

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Gazprombank’s decision to sell its stake in GBP Global Resources came from the recent U.S. sanctions applied to Venezuelan state entities. While GBP GR is based out of the Netherlands, it is part of a joint venture with Venezuelan state oil company, PDVSA.

Dubbed Petrozamora, the joint venture was launched in 2012 with the intention to develop two oil fields in Venezuela. PDVSA holds ownership of 60 percent of the firm, with GPB Global Resources B.V. retaining the rest. The entities also hold a financing agreement worth up to $1 billion in oil prepayment with Gazprombank.

But with the decision to sell its share in GPB Global Resources B.V., Gazprombank is doing away with those partnerships. While the bank did confirm to reuters that its indirect stake in Petrozamora as well as its minority stake in GBP GR has been sold, it didn’t confirm the details of the buyer.

GBP Global Resources continues to operate from its headquarters in the Netherlands, and has not returned with comments to Reuters.

Partnerships form and dissolve for a plethora of reasons and we know that value must be preserved all throughout the process. Great companies and entities will continue to make the best decisions to preserve and perpetuate value for each firm. We can expect growth in the financial service industry. Learn More: https://www.zoominfo.com/c/gpb-global-resources-bv/356310194

GPB Global Resources: The Necessary Struggle

The approach that GPB Global Resources has taken on their journey into the field of international investment hails back to some very old and basic principles, but they often find that leaders of the financial world tend to forget the basics. This can often lead to making mistakes that are unnecessary, and GPB Global Resources is not the sort of group to allow for such mistakes to be made. They want their employees working at the maximum of their potential, as they see it as a disservice to the world if they are not ensuring that these individuals are given proper opportunities to succeed in the workplace. For more information about GPB Global Resources, you can visit at hoovers.com

They believe that the workers are only as good as you train them, and this philosophy is part of what has made them so far above their contemporaries with regards to forward-thinking policies. There are many corporate entities around the world that have simply accepted the way things are instead of trying to find new ways to make improvements, and this is quite a shame to GPB Global Resources. They want the world to know that just because an approach is unorthodox does not mean that it is necessarily not what the world needs at any particular moment. Instead, they believe that the chance people display to come up with new ideas is something that should be cherished.

If you are having workers working at less than their maximum potential, it is only logical that they will be less likely to make a breakthrough that could change the world. This is why at GPB Global Resources, it is not easy to maintain your position. You have to truly show that you are constantly seeking new ways to make a difference with the work you do. Otherwise, you will simply be another face in the industry, and this does not do much for your chances of employment. GPB Global Resources therefore encourages young people who find that they possess a passion for business to pursue their dream with courage, and yet know that there will be low points along their journey. No journey is complete without struggle, after all.

Learn More: https://www.owler.com/company/gpb-gr