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Aegean warns stock may be worthless after restructuring

After seeking bankruptcy court protection in the US, Aegean Marine Petroleum has urged ‘extreme caution’ over further investment in its stock, which may be worthless when the bunker supplier emerges from Chapter 11. In a new filing it also details the defaults and background of market problems that pushed it to seek protection

Chapter 11 petition came after defaults, admits beleaguered bunker supplier


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