All Eimskip’s unsecured creditors have now voted in favour of the composition proposal, which was therefore approved. Eimskip states that it will “preserve the company’s operations and safeguard 1,500 jobs”. The next step for the company is to submit a written petition for confirmation of the composition agreement to the district court judge next week. If the proposal for reconstruction is accepted, the total group obligations in interest bearing debts will be reduced from around EUR 1.6 billion to around EUR 100 million in the new business.
Green Marine
about 17 years ago
Creditors back Eimskip
All Eimskip’s unsecured creditors have now voted in favour of the composition proposal, which was therefore approved. Eimskip states that it will “preserve the company’s operations and safeguard 1,500 jobs”. The next step for the company is to submit a written petition for confirmation of the compos
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