Kvaerner saved — again

Kvaerner has been saved from bankruptcy, at least for another few days. During the early hours of Monday morning, 26 November, Kvaerner leaders managed to raise the NOK 250 million in short-term cash needed to keep afloat until Thursday’s general meeting. The Kvaerner board did not manage to arrive at an agreement with financier Kjell Inge Roekke during the night, and it is again the banks that have supplied the needed cash, according to NRK Radio. “We now have more time, and will use the days ahead to work out a solution which will be acceptable to all the shareholders,â€? said Kvaerner Information Director Marit Ytreeide.

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