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OW Bunker's insolvency estate close to settling with ING Bank

OW Bunker's insolvency estate is only a couple of details away from being able to reach a settlement with major bank ING Bank, which headed the Danish group's credit agreement. The deal provides the estates with millions.

Photo: Ritzau Scanpix/Thomas Emil Sørensen

OW Bunker's Danish estate is close to agreeing a settlement with ING Bank and the rest of the banks behind the group's credit agreement.

Creditors have already approved the initiative from the banks at a meeting in Aalborg, Denmark, two weeks ago. Only the last details remain, before the settlement, which would provide the estates with DKK 185 million (USD 27.6 million), becomes a reality, EnergyWatch's sister media, ShippingWatch, has learned.

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