Aegean Marine sees stock plunge after large impairment

Aegean Marine Petroleum Network has laid off several employees after an internal financial review that has been reported to US authorities.

Photo: Colourbox

Greek Aegean Marine Petroleum Network, will likely have to impair close to USD 200 million in its 2017 annual report, informs the New York-listed bunker company in a financial update following a comprehensive internal review of financial matters at the company.

Several Aegean employees have stepped down or been sent on leave as a direct consequence of the internal review, which is expected to be met with demands from management.

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