French businessman Jacques de Chateauvieux has stepped down from his remaining shipping interest, Evergas, as creditors eye a sale of the fleet.
The Denmark-based company's French parent Jaccar Holdings said in a statement that a plan to safeguard the business, and that of fishing operation Sapmer, was approved by the Commercial Court in Marseilles in August.
All the assets of Jaccar will be gradually sold off over the next four years, with proceeds going to creditors.
