DCG Creditor Pact Revealed With Plan to Sell Genesis Trading Unit as Part of Bankruptcy

“Under the settlement, DCG would contribute that entity, [Genesis Global Trading], to [Genesis Global Holdco] … that will happen on the effective date,” O’Neal said. “In the meantime, during these cases, we will actually be marketing and trying to sell not only the debtors’ assets, but also GGT’s because they form a nice package, and we believe that by packaging them together, we can maximize the recoveries to the estate.”

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