According to ShippingWatch's sources, several of Norwegian tank carrier Eitzen Chemical's traditional bank connections, including Nordea, have sold their loans in the financially struggling carrier.
The development concerns 8 banks, with a total outstanding debt of around USD 500 million, who have divested their loans to a series of major private equity funds, including American Angelo Gordon. The New York-based investment company administrates funds totaling around USD one billion and is particularly active in real estate. But the company generally places funds in "well-managed companies with a solid potential for creating value."
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