Oil Fair in Stavanger (ONS) kicks off this week, and today notified DNB’s large customer manager Harald Serck-Hanssen told Reuters on several years of restructuring in the oil – and that it can come in several phases.
Supply is heavily affected, and in today’s trading on the Oslo stock Exchange, we note such as Farstad Shipping, falling 3.6 percent to 9.00 million in the wake of quarterly results Monday evening.
– Apart from 862 , 5 million in write-downs 961 700 000 million in deficit stood not a word in this section on a possible financial partner. Farstad said the company plans to go alone, with a little help from creditors, wrote chief analyst Karl-Johan Molnes in Norne Securities in an update sent out last night.
7-8 banks central
the Ålesund-based company says in the report that it is still working to refinance the debt of 11.5 billion.
7-8 banks are according to news agency central, including DNB, Nordea and Danske Bank. According to CEO Karl-Johan Bakken company is also in talks with both industrial and financial investors.
Stand-still agreement with creditors expires on 1 October. A standstill agreement means that lenders refrain from requiring repayment in the current period, without the loans are considered non-performing.
Meanwhile, the company maintains its obligations to customers and suppliers.
– Date not plucked from the air
– It’s a date that is not picked out of the air, working regardless of getting a solution as soon as possible. It is important to get a good event for the company, so we take plenty of time to talk with creditors to land it, Bakken said.
He shows towards news agency further to the abundance of vessels in the market .
– Consolidation is essential to create viable companies in the long term, Bakken says.
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