UPDATE 1-Cyprus' Remedial files Chapter 11 in NY court
Feb 18 (Reuters) - Oil field services provider Remedial (Cyprus) PCL ROFF.OL filed for bankruptcy protection in a New York court on Wednesday after failing to reach a deal with its unsecured creditors.
The company listed Goldman Sachs Group Inc (GS.N) as its second largest shareholder with a 16 percent stake, while Sweden's JCE Group was the largest shareholder with a stake of 28.7 percent, according to the filing.
In its Chapter 11 petition, Remedial listed both assets and debt in the range of $100 million to $500 million.
Remedial was formed in 2006 and is based in Limassol, Cyprus. It builds and operates well intervention and construction support units for oil companies through its subsidiary, Remedial Offshore Ltd.
The case is In re: Remedial (Cyprus) Public Co. Ltd, U.S. Bankruptcy Court, Southern District of New York (Manhattan), No: 10-10782. (Reporting by Santosh Nadgir in Bangalore; Editing by Anne Pallivathuckal)
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