Sovereign reduces debt with £420,000 property disposal
Sovereign Oilfield Group, the oil services group that recently completed a long-awaited refinancing, has raised £420,000 to reduce debt as it battles a slowdown in activity in the North Sea.
Sovereign Oilfield Group, the oil services group that recently completed a long-awaited refinancing, has raised £420,000 to reduce debt as it battles a slowdown in activity in the North Sea.
The Aberdeen-based firm raised the money by selling a property in Cambuslang.
