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…
Introduction Against the current economic and political landscape of the world today rising interest rates, higher inflation and increased costs across supply chains, geopolitical uncertainties caused by conflicts in Europe and the Middle East, and the ongoing trade tensions between global superpowers such as the US and China companies operating in the global markets are…
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,…