Media: OW's biggest bank divests massive debt claim

Major Dutch bank ING, which together with a series of other banks provided enormous credits for OW Bunker, has allegedly divested its USD 700 million debt, report several sources familiar with the process, according to media Ship & Bunker.
Photo: Kasper Palsnov/Jyllands-Posten
Photo: Kasper Palsnov/Jyllands-Posten
BY KATRINE GRØNVALD RAUN

Dutch ING Bank NV, which headed OW Bunker's consortium of banks, has allegedly sold its claim in the estate after the Danish bunker company that collapsed approximately one year ago. A debt totaling USD 700 million, reports Ship & Bunker, citing sources familiar with the process.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
!
!
Must contain at least 6 characters
!
Must contain at least 2 characters
!
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

!
Newsletter terms

Front page now

Further reading