Transport & Logistics
Satram EGCA not immune from bankruptcy despite new contracts

Satram EGCA not immune from bankruptcy despite new contracts

Long presented as a flagbearer for Morocco-Gabon cooperation, the oil company-focused marine transport and logistics services provider has been in receivership for over two and a half years. Added to this is a battle between certain employees and the management team, as well as a succession crisis since the 2015 death of founder Lahcen Jakhoukh.

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            ▪ Satram EGCA not immune from bankruptcy despite new contracts

▪ Long presented as a flagbearer for Morocco-Gabon cooperation, the oil company-focused marine transport and logistics services provider has been in receivership for over two and a half years. Added to this is a battle between certain employees and the management team, as well as a succession crisis since the 2015 death of founder Lahcen Jakhoukh.

http://www.jeuneafriquebusinessplus.com/en/805651/satram-egca-not-immune-from-bankruptcy-despite-new-contracts/

06/10/2020 at 17h51, by Jeune Afrique Business+, updated 07/10/2020

Since 21 February 2018, at the request of employees, Satram EGCA, the Gabonese subsidiary of Moroccan transport company Satrammarine, has been in receivership with the Port-Gentil court of first instance.

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