Saturday, June 27, 2015

Billion lawsuit against Altor close – Business World


     Harald Mix, founder and CEO of the private equity company Altor. Photo: Jörgen Appelgren / Business World
     

SEB and a number of institutional investors are now ready to draw the private equity company Altor before a court in the aftermath of the bankruptcy of OW Bunker. The requirement amounts to around 1 billion Swedish kronor, according Borsen.dk.

On March 28 last year were oil trading company OW Bunker on the Copenhagen Stock Exchange. Responsible for the IPO was Carnegie and owner of both OW Bunker and Carnegie’s Swedish Altor.

A little over six months later, OW Bunker bankrupt and now institutional investors ready to take the case to court, reports Shipping Watch.

The main goal of the lawsuit is the most senior managers of OW Bunker and Altor. The requirement will amount to 800 million Danish kroner, corresponding to about 1 billion Swedish crowns.

A total of 27 institutional investors are behind the lawsuit. Among other things, the Danish pension giants ATP and PFA Pension, writes Borsen.dk.

– It will not be possible to the company, are described in the prospectus, goes bankrupt just six months after the IPO, says Anders Damgaard, CEO of PFA, to Borsen.dk.

LikeTweet

No comments:

Post a Comment