Arcapita Seeks Approval Of $365M Sale Of Nondebtor Subsidiary To Logistics Firm

Arcapita Seeks Approval Of $365M Sale Of Nondebtor Subsidiary To Logistics Firm

NEW YORK - Bankrupt Arcapita Bank B.S.C. on July 18 moved for bankruptcy court approval of its request to sell its nondebtor subsidiary 3PD Inc. to a logistics company for $365 million (In Re: Arcapita Bank B.S.C., No. 12-11076, Chapter 11, S.D. N.Y. Bkcy.).

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