Coral Energy has officially rebranded as 2Rivers Group after a management buyout completed this year. The buyout involved three executives who acquired the founder’s remaining 40% stake in the company.
Ahmed Kerimov, the new executive director and former CFO at Coral Energy, announced the rebranding on LinkedIn, stating that the relaunch of 2Rivers reflects new strategic business objectives aimed at strengthening the company’s global presence.
The new entity plans to expand its focus beyond Asia and the MENA region, placing greater emphasis on Europe and Western trading markets. To support this European strategy, 2Rivers intends to establish a subsidiary in Switzerland.
Alongside Kerimov, the buyout team includes CEO Talat Safarov and Anar Madatli.