Nordic Shipholding saved on the finish line

Nordic Shipholding has signed a conditional restructuring agreement with Nordic Maritime, which acquires a debt of around USD 58 million. And the company will get a new CEO if the agreement is approved.
BY KATRINE GRØNVALD RAUN AND JØRGEN RUDBECK

Nordic Shipholding has reached a restructuring agreement with Nordic Maritime, which is controlled by PAG, one of Asia's biggest alternative capital managers. The deal is subject to various approvals, but if these are secured the corporate restructuring will be performed before the end of the year, says Nordic Shipholding in a brief to the stock exchange.

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