Carlyle trading re-opened, shares plummet

Shares in the Amsterdam-listed unit of private equity firm Carlyle Capital Corporation lost 15% of their value in the first 30 minutes after trading in the company was re-opened on Tuesday, reports ANP news service.

Trading in CCC, a subsidiary of the US investment firm Carlyle Group, was suspended on Friday after it announced that it might be facing cash-flow problems after a number of banks called on it to repay loans.
Tuesday’s decision by the financial services sector watchdog AFM to allow trading to restart follows a press release from Carlyle Capital which states that it is in ‘constructive’ talks with a number of its main creditors and that no legal steps have been taken against it, reports ANP.

Thank you for donating to

We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.

Make a donation