Candidate buyer Merit Capital withdraws | Economy

The financial group was seen as the last chance for Merit Capital to escape bankruptcy and make a new start after the National Bank withdrew the license of the stock exchange house in the spring. This was preceded by a long and difficult search for a buyer.

Fuchs cites, among other things, the market and economic conditions of recent weeks as a reason for his decision. But in the background are its own problems with the CSSF, the Luxembourg financial supervisor and the counterpart of the National Bank.

It is unclear how to proceed. So far, no one seems to be moving in the file.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.