Carlyle stocks to be suspended in Amsterdam market

18th March 2008, Comments 0 comments

All trading of Carlyle stocks will be suspended as of Tuesday, the Euronext stock exchange located in Amsterdam announced on Monday.

18 March 2008

AMSTERDAM - All trading of Carlyle stocks will be suspended as of Tuesday, the Euronext stock exchange located in Amsterdam announced on Monday.

The decision came after shareholders of investment fund Carlyle Capital Corporation (CCC), whose shares are registered on the Amsterdam stock exchange, unanimously voted for its forced liquidation.

Banks have already confiscated the fund's remaining possessions, mainly investments in American mortgages originating from money Carlyle borrowed itself.

Last week, Carlyle said attempts to reach an agreement with the banks on its ongoing payment obligations, had failed.

Carlyle shares subsequently plunged by more than 90 percent.

[Copyright dpa 2008]

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