OW Bunker CFO: Altor could have saved OW with USD 9 mln

OW Bunker could have been saved, but equity fund Altor's unwillingness to put up USD 9 million ruined everything. This remarkable assessment comes from CFO Kent Larsen in relation to a lawsuit.
Photo: Kasper Palsnov/Jyllands-Posten
Photo: Kasper Palsnov/Jyllands-Posten
BY JESPER HØBERG AND KRISTOFFER BRAHM, FINANS

Even though bunker company OW Bunker was running out of money and was unable to pay its bills as they matured, the management at the time refrained from issuing a stock exchange notice informing of the serious situation.

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