Europe's largest independent refiner by capacity has been
teetering since its lenders restricted credit late last year, a
victim of thin refining margins and high debt that was a result of
its private equity-backed, acquisition-based business model.
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Petroplus files for bankruptcy
Posted by ditch on 24th of Jan 2012 at 09:03 am
this is a sector I tought was always safe:
Europe's largest independent refiner by capacity has been teetering since its lenders restricted credit late last year, a victim of thin refining margins and high debt that was a result of its private equity-backed, acquisition-based business model.