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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