Two more Thorco companies go bankrupt

Thorco CEO Thomas Mikkelsen explains that the company is well after two subsidiaries were declared bankrupt by an insolvency court in Denmark. The companies were sued for bankruptcy by a German bank.

German bank Hamburg Commercial Bank has demanded that the two companies shut down, says Thorco CEO Thomas Mikkelsen. | Photo: PR/Thorco Projects

Two more companies within businessman Christian Stadil's Thornico group have been declared bankrupt after proving unable to pay their debts.

The companies, Thorco Isadora ApS and Thorco Isabella ApS, own two cargo freighters going by the same names, and they were declared bankrupt by the insolvency court in Odense, Southern Denmark, on April 30, 2020, according to government gazette Statstidende.

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