The Espírito Santo Financial Group announced this Wednesday,
who will ask the insolvency proceedings and also its subsidiary ESFIL -
Espírito Santo Financière make the same request, the company said the
Commission of the Securities Market.
In a statement sent to the market regulator, Espírito Santo Financial Group (ESFG) reports that “the
its Board of Directors decided to ask insolvency “and that
also “asked its subsidiary ESFIL insolvency.”
The decision
comes after the Luxembourg Court rejected on Friday the
Applications for controlled management of ESFG and ESFIL, Group companies
Holy Spirit.
In a statement released today, states that ESFG
“It is expected” that the Luxembourg court pass an order of
insolvency and “appoint one or more receivers to properties and ESFG
ESFIL of the hearings on Friday, October 10. “
ESFG, the financial arm of the Espírito Santo Group, recalls that
procedures in relation to requests for controlled management of the Spirit
Holy International (ESI) and Rioforte Investments, the largest
indirect shareholders ESFG, ongoing.
In
Friday, the source of the Luxembourg court explained to Lusa that
proceedings relating to controlled management are confidential, so the
judiciary can not provide any information, pointing
only that the decision was taken after the reports have been reviewed
experts.
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