Liquidation Looms Again for Fearnley and Eger

The prolonged financial crisis at Fearnley and Eger is reaching a climax, with the possible liquidation of the company and the sale of its assets. This is the conclusion of Ole Lund, head of Oslo law firm Lund and Co, who has been advising Fearnley’s in their negotiations with creditors. He told Marine Money, “The company will probably be wound up and the assets will probably be sold off.”

A number of prospective buyers are currently planning bids for the shares and assets. Klosters has already made a bid for Fearnley and Eger’s Renaissance Cruise business, but this has been rejected. Fearnley and Eger, which went into Chapter XI earlier this month, has petitioned the Oslo bankruptcy court to continue trading under creditor protection for a maximum period of three months.

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