Torm expects finalized deal in July
At a hearing in London on Thursday, Torm secured the necessary consents from creditors and now expects to complete the restructuring of the company by mid-July this year.
BY KATRINE GRØNVALD RAUN
Torm is nearing the finish line in the protracted process of getting the carrier back on its feet. On Thursday, Torm secured the necessary consents from creditors at a hearing in London at a so-called Scheme of Arrangement, says the carrier in a corporate statement.
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