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OW Risk Manager: We should never have gone public

Already back in 2008 or one year after the equity fund Altor took over the company, OW Bunker was in a life-threatening crisis which could have been the end of the company, explains OW Bunker's former Risk Manager Kenneth Rosenmeyer in a new book.

Photo: Kasper Palsnov/Jyllands-Posten

A bankruptcy in OW Bunker was close to occurring back in 2008, according to the former key employee at the bankrupt bunker company, Risk Manager Kenneth Rosenmeyer, in a new book.

"The company should never have gone public the way it did, and even if it should have gone public, it should either have been without risk control or with a statement of what the risk control was doing and how big the risk actually was," says Kenneth Rosenmeyer in the book, according to the Danish newspaper Børsen.

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