Deminor secures settlement in the OW Bunker action

Deminor has secured a settlement in the OW Bunker action.

OW Bunker went bankrupt in November 2014, causing heavy losses for both the company’s creditors and shareholders.

Deminor funded litigation brought by a group of 20 foreign institutional investors who brought actions for damages in 2017 against the investment banks Carnegie and Morgan Stanley.

In the settlement, the plaintiffs in the four legal actions are compensated for losses suffered on the investment in OW Bunker with an aggregate amount of approximately 645 million DKK.