Bankruptcy Court Allows ATP To Sell UK Subsidiary

Law360, New York (December 20, 2013, 5:50 PM ET) -- A Texas bankruptcy court on Tuesday granted a request by ATP Oil & Gas — which has already made a deal with Credit Suisse to sell off a large portion of its interests in the Gulf of Mexico — to sell its wholly owned U.K. subsidiary.

U.S. Bankruptcy Judge Marvin Isgur entered an order authorizing Alpha Petroleum UK Holdings Ltd. to purchase the equity share capital of ATP Oil & Gas (UK) Ltd. — which was not included in the $635 million ATP Deepwater asset sale...
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