Arcapita Gets Green Light For Warehouse Asset IPO

Law360, New York (August 16, 2012, 8:53 PM EDT) -- A New York bankruptcy judge granted Arcapita Bank BSC(c) permission Thursday to launch an initial public offering of its European warehousing assets following resolution of unsecured lender Standard Chartered PLC's concerns that the plan was unclear on how its interests would be protected.

U.S. Bankruptcy Judge Sean H. Lane approved Arcapita's motion for authority to launch the IPO for its EuroLog subsidiaries, which it called the “single largest monetization transaction that has occurred or will occur in the neat future with respect to these debtors,” after...
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