Swiber's subsidiary placed into bankruptcy by the District Court of Helsinki
Swiber Holdings Limited (Judicial Managers Appointed) has announced, that Bitachon Offshore Contractor Oy (“ BOC ”), a wholly owned subsidiary of Swiber, has been placed into bankruptcy on 16 November 2017 by the District Court of Helsinki, and that Mr Robert Peldan has been appointed as its administrator. BOC is a dormant company, which Swiber had identified to be placed into bankruptcy as part of Swiber and the Swiber Group’s ongoing efforts to streamline its corporate structure and restructure its group operations.