Hovensa terminal assets to be sold next month

摘要

The terminal assets of the idled Hovensa refining complex on the US Virgin Islands will come up for auction in a US bankruptcy court on 10 November, but a final sale is contingent on local government and legislative approval of an operating agreement. Bids are due on 5 November, and an intended sale hearing will take place on 12 November, according to bidding procedures issued by the bankruptcy court in Delaware. A sale is scheduled to close on 4 December.