Aegean board director on restructuring plan: A key milestone

The Greek bunker company will be able to implement a restructuring plan put together by the company's new owners, a New York judge has ruled.

Photo: Aegean Marine Petroleum

A judge from US Bankruptcy Court for the Southern District of New York has granted approval to the Greek bunker company Aegean Marine Petroleum's restructuring plan, which can now be implemented.

The rescue plan was stitched together by Aegean's new owners, Mercuria Energy Group and a group of investors.

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