By Julia Payne and Dmitry Zhdannikov
LONDON (Reuters) - Commodities trader Trafigura has fully reimbursed the family stake of its late founder Claude Dauphin after record earnings in 2020, its chief financial officer told Reuters.
"The Dauphin family stake has been fully reimbursed," CFO Christophe Salmon said, adding that an initial public offering was not on the cards.
With the reimbursement complete, Trafigura has increased the number of its senior employee shareholders to 850 from 700.
Salmon said the company would sell some assets next year and that it was working towards completing the purchase of a stake in Russia's Vostok Oil project in the Arctic.
Last month, Russian state-owned oil firm Rosneft approved the sale of 10% of capital in the project. Salmon said the reserves were comparable to the United States' prolific Permian basin and the trader "cannot ignore this huge supply."
