Oslo-listed GC Rieber says HV V Invest Golf AS and HV V Golf II AS have folded.

It comes only two days after Rieber sent a default notice to the companies due to their default on a seller’s credit of NOK 180m ($23.8m).

The credit was issued as part of the NOK 175m sale of Rieber's holding in Reef Subsea.

Rieber said it was at risk of not getting paid NOK 45m on the time charter of vessels to Reef.

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