ShippingWatch

Altor: OW Bunker board not responsible for bankruptcy

The owner of OW Bunker, which listed the company eight months before the bankruptcy, maintains in comments to ShippingWatch that the board of the failed bunker group cannot be blamed for the bankruptcy.

The equity fund Altor, which as the owner of OW Bunker listed the company eight months before the spectacular collapse in November 2014, maintains so far that the board of the bunker group was not in possession of information which could have prevented the bankruptcy.

Altor makes this statement in an e-mail to ShippingWatch, after the 400 page-long comprehensive review, compiled by attorney and ad hoc trustee of the estate, Søren Halling-Overgaard, was made public by FinansWatch Monday evening.

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