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Thursday, November 21 2024

Sinochem May Keep Bankrupt Refineries as Auctions Draw Scant Interest

Sinochem Group may keep three bankrupt oil refineries located in eastern China after auctions to sell them drew little interest from other companies, Reuters reported. The lack of interest in the plants illustrates the woeful…

Thursday, November 21 2024

Estonia-Owned Nordica and Xfly to File for Bankruptcy After No Investor Found

The Republic of Estonia-owned Nordic Aviation Group AS (Nordica) and Regional Jet OÜ (Xfly) will cease operations after it was announced the companies will be filed for bankruptcy, Aerotime reported. It had been hoped that Lars…

Thursday, November 21 2024

Northvolt Hires Restructuring Expert to Oversee Swedish Plant

Sweden’s Northvolt AB hired restructuring expert Paul O’Donnell to oversee its main factory unit, as time runs short for the struggling battery maker to mend its finances outside of bankruptcy court, Bloomberg News reported. O’…