15th Mar 2018 11:07
The stock was trading at
Nature Group said Wednesday last week it had secured a waiver from its lender which is conditional on the sale of the company's oil and gas business, and advanced talks with a preferred bidder on this front are ongoing.
Norwegian financial services group DNB granted the verbal waiver deferring the repayment of lease and debt financing facilities worth
The company said last week the Oil & Gas division was still struggling, despite a pick-up in oil prices during 2017, and also said it would be moving its focus onto its Maritime division, and a strategic review has begun to yield positive results, it said.
However, the company said today it will progress discussions of a Maritime sale alongside those for its Oil & Gas arm.
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