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PES up against the clock to sell Philadelphia refinery in cash crunch

PES up against the clock to sell Philadelphia refinery in cash crunch

Postby smix » Sat Aug 17, 2019 10:42 pm

PES up against the clock to sell Philadelphia refinery in cash crunch
Reuters

URL: https://www.reuters.com/article/us-pes- ... SKCN1V61M3
Category: businessNews
Published: Fri, 16 Aug 2019 22:10:34 -0400

Description: Finding a buyer for Philadelphia Energy Solutions' oil refinery has grown urgent as the bankrupt company's funds dwindle and no signs emerge that it is winning a fight for insurance payouts after a June blaze at the plant, according to court documents and bankruptcy experts.
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