Gunvor values employee stock at close to $900 million

By Julia Payne LONDON (Reuters) - Oil trading house Gunvor has given shares allocated to managers and traders a nominal value of nearly $900 million (710.09 million pound), filings seen by Reuters show, as co-founder Torbjorn Tornqvist diluted his stake in a bid to expand the firm and recruit and retain talent. The Swedish citizen founded Gunvor with Russian businessman Gennady Timchenko in 2000. It has since diversified away from Russia and changed its ownership structure to resemble rival glob