Belgium

Belgium-based Alfacam , the provider of Europe's largest fleet of outside broadcast vans, said it may have to file for bankruptcy if a final bid for protection under Belgian law fails, Reuters reported. The company, which also provides broadcast ser ...

Daily Headline - global.abi.org - 04/11/2013 - 21:55 - 0 comments

euros after the shares tumbled 23 percent to 0.76 euros on Wednesday. Alfacam said on Wednesday that it ...

Daily Headline - global.abi.org - 04/03/2013 - 21:46 - 0 comments

Ailing Franco-Belgian lender Dexia SA received the green light from European Union regulators for a restructuring plan that will see large parts of the bank closed, The Wall Street Journal reported. The move will help bring to a close a long-running ...

Daily Headline - global.abi.org - 12/20/2012 - 22:35 - 0 comments

France and Belgium Thursday agreed to inject a further €5.5 billion ($7 billion) into Dexia SA, putting one of the first European banking casualties of the 2008 financial crisis almost entirely in state hands and adding to the burden of cutting governmen ...

Daily Headline - global.abi.org - 11/08/2012 - 23:41 - 0 comments

The past few months have been good for Belgium. Like France, the country has benefitted from being part of the euro zone’s so-called “soft core,” becoming a sort of second-best safe haven for investors keen to escape the risky states such as Spain or Ita ...

Daily Headline - global.abi.org - 08/26/2012 - 18:33 - 0 comments

Two Chinese private equity funds are closing in on a deal to buy the asset management arm of Dexia, highlighting the interest of Asian buyers in European financial assets as banks look to restructure in the wake of the financial crisis, the Financial T ...

Daily Headline - global.abi.org - 07/26/2012 - 22:37 - 0 comments

France, Belgium and Luxembourg, which own Dexia, the lender that is being broken up, have agreed to boost state guarantees to the ailing bank by €10bn to €55bn, it was disclosed on Wednesday, the Financial Times reported. The decision followed Monday ...

Daily Headline - global.abi.org - 06/06/2012 - 23:33 - 0 comments

Struggling lender Dexia SA said it is in exclusive talks to sell its Turkish Denizbank AS unit to Russia's biggest bank, OAO Sberbank, as the Belgian-French bank continues to sell assets to shore up its balance sheet, The Wall Street Journal rep ...

Daily Headline - global.abi.org - 05/24/2012 - 19:31 - 0 comments

KBC Bank Ireland will receive further capital from its Belgian parent this year as loan losses will fall but remain high, chief executive John Reynolds has said, the Irish Times reported. The Irish bank received €75 million from KBC Bank in the first ...

Daily Headline - global.abi.org - 05/13/2012 - 22:32 - 0 comments

Dexia, the bailed-out Franco-Belgian lender, said on Wednesday it was looking into a severance package granted to former chairman Pierre Richard, forced to resign after the group's initial rescue, Reuters reported. The French government, which injec ...

Daily Headline - global.abi.org - 04/11/2012 - 21:33 - 0 comments