Norwegian offshore vessel owner DOF is facing hurdles as it tries to negotiate a debt restructuring deal. Smaller shareholders have partnered up looking to put a stop to a restructuring plan that they believe would leave the company in the hands of incoming investors and large shareholders.
According to Norwegian business daily Finansavisen, the group of shareholders is aiming to get support from a third of the shareholders and block the rescheduling of debt as part of the restructuring struggle.
In a statement on Wednesday, DOF addressed its minority shareholders saying that a robust long-term financing solution is required for the group to maintain its status as a going concern and that, in the meantime, it is dependent on continued …
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