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Mercuria raises bid for Aegean

Mercuria Energy Group submitted an improved bid for Aegean Marine Petroleum Network on Saturday, two days after equity firms Oaktree Capital Management and Hartree Partners made a bid to become the debtor-in-possession. Mercuria’s new bid, with improved provisions for the recovery of claims by unsecured creditors, has gained support from Aegean creditors

The new agreement will avoid costly litigation, according to the filing

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