Parent of UK Lindsey Oil Refinery Owner Put Into Administration
The parent company of the Prax Group — which owns the UK's Lindsey oil refinery — has been put into administration.
Joint administrators have been appointed by the High Court for State Oil Ltd, which has 182 employees and is the parent of the Prax conglomerate that includes the refinery as well as wholesale and retail operations, according to a statement from Teneo Financial Advisory Ltd., which is involved in the administration process.
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