New York-listed Aegean Marine Petroleum Network has had its reorganisation plan confirmed.
The US bankruptcy court for the southern district of New York approved the scheme, subject to minor modifications.
This paves the way for the company to emerge from Chapter 11 restructuring next week as a wholly-owned subsidiary of Mercuria Energy Group, it said.
Aegean has reached a global settlement with its various creditor groups, including Mercuria, the official committee of unsecured creditors, American Express Travel Related Services and certain holders of its unsecured convertible notes.
