DNB opens up to co-ownership of distressed offshore companies

DNB is prepared to enter ownership of financially distressed offshore companies, says the bank's maritime head, Kristin Holth, in an interview with EnergyWatch's sister media ShippingWatch. This is necessary if the restructuring of the sector is to succeed.
Kristin Holth, head of DNB's Ocean Industries, says that it will likely be 2021 or 2022 before the offshore market improves. | Photo: PR/DNB
Kristin Holth, head of DNB's Ocean Industries, says that it will likely be 2021 or 2022 before the offshore market improves. | Photo: PR/DNB

Major Norwegian bank DNB now opens up to joining the ownership of distressed offshore companies to which the bank has lent money, but which find themselves in a life-threatening financial crisis.

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