With 'Indication of Interest', Argeo Suspends Bankruptcy Decision

Argeo has been a pioneer in offshore survey. Pictures is Argeo Listen - Electromagnetic Subsea Cathodic Protection Measurement. Image courtesy Argeo

Argeo ASA reportedly suspended its decision to file for bankruptcy following interest from a significant industrial player in conducting a transaction with the company. 

The trading of Argeo’s shares on Euronext Oslo Børs remains suspended as the company evaluates this potential opportunity, which could impact its financial situation and market positioning.


(Reuters + TipRanks + MTR staff)