SVP Eyes Takeover of OQ Chemicals After Advent Deal Rejected

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Opportunistic credit firm Strategic Value Partners is proposing a deal to fix OQ Chemicals GmbH’s balance sheet that would see it take control of the company, according to people with knowledge of the matter.

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OQ Chemicals Appoints Chief Restructuring Officer for Debt TalksOQ Chemicals has appointed Hans-Joachim Ziems as chief restructuring officer, according to a person familiar, as the Germany-based firm that’s owned by Oman’s state energy company faces nearly $1 billion in loan maturities this year.
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