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Bunkers Fuels Law

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

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

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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