Banks demand $158.7m from Britannia Bulk

NORDEA Bank Denmark and Lloyd’s TSB Group have asked embattled dry bulk operator Britannia Bulk Holding for immediate repayment of $158.7m outstanding on a loan due to a default on the terms, writes Jamie Dale.

US-listed Britannia Bulk said it was in talks with the lenders regarding the sale of “certain company assets”.

With thi...

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