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Displeased investors approve Aegean's rescue plan

A group of investors who have filed lawsuits against Aegean Marine Petroleum and its senior management team have now cleared the struggling bunker company's rescue plan. The investors retain the rights to continue their lawsuits.

Photo: Aegean Marine Petroleum

Distressed Greek bunker company Aegean Marine Petroleum Network is slowly but steadily crawling out of a threatening bankruptcy.

A series of displeased investors, who this summer filed a case against Aegean citing lack of internal control with the company's bookkeeping, have approved the rescue plan proposed by Aegean's new owner, Mercuria Energy Group, according to documents submitted to the bankruptcy court.

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