Pension

ATP on OW Bunker collapse: "We want proper due diligence in IPOs as well"

This week, ATP and PFA presented a number of new principles for when they will invest in IPOs. A lawsuit over OW Bunker, which went bust just eight months after listing, took 10 years to resolve.
The case of OW Bunker, which went bankrupt in 2014 just eight months after its IPO, has prompted ATP to change its principles for the pension company's future participation in IPOs. | Photo: Pr Foto fra Ow Bunker
The case of OW Bunker, which went bankrupt in 2014 just eight months after its IPO, has prompted ATP to change its principles for the pension company's future participation in IPOs. | Photo: Pr Foto fra Ow Bunker
by JEPPE MAAGAARD HOLM

The collapse of OW Bunker ten years ago has caused soul-searching at Denmark’s statutory pension fund, ATP, which, like a large number of other investors, burned its fingers when it participated in the bunker company’s IPO in spring 2014, just eight months before it went bankrupt.

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