Update regarding Bulk Invest ASA's bankruptcy estate
On 18 November, Western Bulk Chartering AS received a report from the bankruptcy estate of Bulk Invest ASA which summarizes the estate's review of the development of Bulk Invest ASA's financial situation prior to the bankruptcy in March 2016, the sale by Bulk Invest ASA of Western Bulk Chartering AS and certain other matters.
The conclusion of the bankruptcy estate is that there is no basis for any reversal of the sale of Western Bulk Chartering AS.
For more information, please contact:
Jens Ismar, Chief Executive Officer
Tel: +47 9009 0897