The sale of the Holy Spirit Health Fidelity, which earned EUR 244 million, and the sale of the Holy Spirit to the Swiss Travel Springwater, the value of the transaction was not disclosed, were not sufficient for the Forte Rio obtained the endorsement of Luxembourg to advance for controlled management.
These two operations represented the arguments that the president of Forte Rio, John Pena, wanted to bring to Judge Wolff Anick, responsible for preparing a report on the financial situation of the company. Were not sufficient to accommodate the judge’s yes Luxembourg to a regime that would protect it from lawsuits from creditors.
However, the Forte Rio and ESI have pointed out that the liquidation of its assets “will be determined by the liquidator “, to be appointed by the Luxembourg Court,” and the creditors of the insolvent reimbursed by the product of the full liquidation of the debtor’s assets, which will be held in the most expeditious manner. “
The Holy Spirit International, one of the “holdings” Top Group of the Holy Spirit, was the one that began in the financial problems that universe, while “irregularities” have been detected in their accounts. In his hands, has the capital of Forte Rio, the company controlling all non-financial business group, such as Tivoli Hotels & amp; Resorts, activity in the real estate or energy in Brazil.
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