OceanR Rescued with €680,000 Investment from Cork Entrepreneur

OceanR has been successfully rescued following a €680,000 investment from a Cork entrepreneur, with unsecured creditors, who were owed a total of €674,000, receiving just 5% under the terms of the rescue plan.

13 Jun, 04:30 — 13 Jun, 04:30

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irish-independent16d ago

OceanR rescued after an investment of €680,000 from Cork entrepreneur

Unsecured creditors, which were owed a total of €674,000, get repaid just 5pc under the terms of the rescue plan

By John Burns

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OceanR Rescued with €680,000 Investment from Cork Entrepreneur

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OceanR rescued after an investment of €680,000 from Cork entrepreneur

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