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Torm's restructuring approved

At the General Assembly today, Torm adopted new articles of association aimed at completing and finalizing a restructuring of the carrier. The restructuring will be completed by July 13th.

Carrier Torm has secured approval for new articles of association aimed at ensuring that the debt-ridden company can complete a much-awaited corporate restructuring, informs Torm in a statement following the carrier's Extraordinary General Assembly on Tuesday.

The carrier is now ready to complete the final restructuring of the company on July 13th, said chairman Flemming Ipsen at the Extraordinary General Assembly.

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