Trafigura joint venture Impala Terminals Group has bought an insolvent oil storage terminal in Rotterdam port as part of an upgrade plan. The trading giant said Impala acquired the HES Hartel Tank Terminal site at auction. No price was revealed, but Trafigura said the facility will be renamed Impala Energy Infrastructure Netherlands. The venture plans…
Trafigura joint venture Impala Terminals Group has bought an insolvent oil storage terminal in Rotterdam port as part of an upgrade plan. The trading giant said Impala acquired the HES Hartel Tank Terminal site at auction. No price was revealed, but Trafigura said the facility will be renamed Impala Energy Infrastructure Netherlands. The venture plans…
Trafigura joint venture Impala Terminals Group has bought an insolvent oil storage terminal in Rotterdam port as part of an upgrade plan. The trading giant said Impala acquired the HES Hartel Tank Terminal site at auction. No price was revealed, but Trafigura said the facility will be renamed Impala Energy Infrastructure Netherlands. The venture plans…
A free-standing moratorium for financially distressed but ultimately viable companies was introduced in 2020. It is sometimes called a Part A1 moratorium, after the part of the Insolvency Act 1986 which provides for it. The Part A1 moratorium affords companies breathing space to pursue restructuring efforts, by prohibiting most types of creditor action. Despite its…
Trafigura joint venture Impala Terminals Group has bought an insolvent oil storage terminal in Rotterdam port as part of an upgrade plan. The trading giant said Impala had acquired the HES Hartel Tank Terminal site at auction. No price was revealed, but Trafigura said the facility would be renamed Impala Energy Infrastructure Netherlands. The venture…
MUMBAI, Nov 23 (Reuters) – Go First’s lenders will vote on a proposal to liquidate the insolvent Indian airline, two banking sources told Reuters on Thursday, days after a deadline to bid for the company ended with no suitors. “The proposal whether or not to liquidate the airline has been floated and individual lenders will…
BEIJING, Nov 23 (Reuters) – China’s Zhongzhi Enterprise Group, a leading wealth manager, told investors it is heavily insolvent with up to $64 billion in liabilities, threatening to reignite concerns that the country’s property debt crisis is spilling over into the broader financial sector. The firm, which has sizable exposure to China’s real estate sector,…
23 November 2023, Geneva Impala Terminals Group (Impala Terminals or the Company), a global infrastructure and logistics company, is pleased to announce it has agreed to purchase the HES Hartel Tank Terminal asset located at the Port of Rotterdam following an auction process, with the transaction expected to complete in the coming days. The HES…
Birmingham City Council had to issue a section 114 notice in August 2023 facing a bill for equal pay claims of up to 760m. Photo by Shutterstock Councils across the country find themselves in a turbulent financial position. Since 2021 five local authorities have declared themselves effectively bankrupt, with a raft of councils warning they…
Birmingham City Council had to issue a section 114 notice in August 2023 facing a bill for equal pay claims of up to 760m. Photo by Shutterstock Councils across the country find themselves in a turbulent financial position. Since 2021 five local authorities have declared themselves effectively bankrupt, with a raft of councils warning they…