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Investors prepare giant claim against OW Bunker management

According to ATP, 25 investors are safeguarding themselves in terms of potential future long-term insurance coverage. A decision to file a damage claim has not yet been made, reports Berlingske.

Photo: OW Bunker
BY OLE ANDERSEN

25 of Denmark's biggest institutional investors have submitted a combined claim of USD 130 million against several members of OW Bunker's former management team, board of directors and private equity fund Altor. But according to ATP, the 25 investors are merely covering themselves in terms of potential future long-term insurance coverage. The investors have not yet made a decision about filing a damage claim.

"We have submitted a claim to OW Bunker's management and to the company's board of directors. We have also submitted a claim to various legal sub-units of Altor. These represent the circle that could potentially be covered by insurance," ATP vice president Claus Wiinblad tells the newspaper.

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