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Antwerp
Exelco Seeks Chapter 11 Protection in US
Antwerp-based diamond company Exelco NV has sought Chapter11 bankruptcy protection in the US, listing estimated liabilities of $50 millionto $100 million, according to court filings.The polished manufacturer estimated its assets at $10million to $50 million and...
Financial-Legal Oct 02, 2017 Rapaport News
Rough Diamonds
Bank Told to Restore Exelco Assets: Bloomberg
A court has ordered KBC Group to return the assets it seizedfrom Antwerp-based diamond firm Exelco within 24 hours, Bloomberg reportedThursday.The Belgian bank took hold of assets belonging to Exelco onJune 22, according to a separate report by the...
Financial-Legal Jul 09, 2017 Rapaport News
Antwerp
Bank Seizes Exelco’s Assets: Bloomberg
Belgian bank KBC Group has seized assets of Antwerp diamond firmExelco to recover unpaid loans, according to a report by Bloomberg this week.In an effort to recoup $29 million (EUR 26 million) fromExelco, the lender had bailiffs search...
Financial-Legal Jul 06, 2017 Rapaport News
Bank
KBC Prepares Winding Down Antwerp Diamond Bank Operations
The KBC Group failed to complete the sale of Antwerp Diamond Bank to the Yinren Group and will wind down the bank's operations. KBC stated that it would carry out the process in an orderly manner,...
Financial-Legal Sep 19, 2014 Jeff Miller
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