OSG Withdraws Authorization to Sell Assets
Post date: 18.02.2014 , Views: 263
As it was previously announced, Euronav has formed a Joint Venture (JV) with GSO Capital Partners LP (“GSO”) for the purpose of the potential purchase.The JV can no longer acquire those assets under the bankruptcy sale process, which was going to be organized as an auction under Chapter 11.
Euronav, February 17, 2014; Image: OSG