The firm filed for Chapter 11-style protection in April for three of its key business units — Smulders Projects, Iemants and Willems Staalconstructies — while it attempts to sell off what it considers to be non-strategic parts of its business.

The Belgian-based businesses are under a form of administration known as WCO in Belgian law.

The move caused alarm in the offshore wind business, as Smulders is a key supplier of monopiles, jacket foundations and transition pieces.

But