Petroplus subsidiaries to file for insolvency

Petroplus subsidiaries to file for insolvency

GENEVA - Agence France_Presse
Petroplus, Europe’s largest independent oil refiner, said Jan. 25 that its German subsidiaries are to file for insolvency following its decision two days earlier to file for bankruptcy.

Petroplus said in a statement “its subsidiaries in Germany, Marimpex Mineraloel-Handelsgesellschaft, Petroplus Deutschland, Petroplus Bayern, Petroplus Tankstorage Holding Deutschland and Petroplus Raffinerie Ingolstadt, which owns the Ingolstadt refinery, filed for insolvency proceedings.”

The Swiss-based oil refiner also announced that its subsidiaries in France, “Petroplus Holdings France, Petroplus Marketing France, Petroplus Raffinage Reichstett and Petroplus Raffinage Petit-Couronne, which owns the Petit Couronne refinery,” have filed for judicial assistance.

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