The daily quotes the agenda of Integrale’s extraordinary general meeting to be held on January 12. On this date, the shareholders will be called upon to elect a liquidator or a college of liquidators.
“This decision leaves a very bitter taste for the holders of subordinated bonds that we represent”, comments Pierre Nothomb, Partner at Deminor. “These investors, large foreign institutions for the most part, placed their trust in the Belgian financial center by taking out a bond loan in 2013”, adds Pierre Nothomb, who recalls in passing that Integrale was owned by a public shareholder (Nethys) and that it was controlled by the National Bank of Belgium (BNB).
