Investment bank could lose USD 52 million on OW Bunker

US-based investment bank Jefferies has performed an impairment on receivables in bankrupt OW Bunker for a total of USD 52 million.

Photo: René Schütze

American investment bank Jefferies has performed an impairment on a USD 52 million claim in collapsed OW Bunker, down to zero, but the bank still hopes to regain some of the lost funds, according to a statement on the bank's website.

Jefferies' outstanding receivables in OW Bunker grew significantly ahead of the crash of the Danish bunker company on November 5th due to major fluctuations and plummeting oil price, says the bank in relation to the publication of its 4th quarter interim report.

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