Wednesday, July 1, 2015   

Luxembourg puts key BES bank shareholders in administration
(07-29 18:47)

Luxembourg said Tuesday it would put two key shareholders of struggling Portuguese lender Banco Espirito Santo (BES) in administration after they demanded protection from creditors.
A court said it had accepted the request by Rioforte Investments and Espirito Santo Financial Group. A third BES holding company, Espirito Santo International (ESI), was put under adminstration in Luxembourg last week. --AFP   
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