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.
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