As announced in the press release of Thursday 11 April 2013, Alfacam Group was not in the possibility to close the negotiations with the interested parties under the CEA II regime. The company then checked with the banks in particular whether they would be able and willing to support the new scenario of a protection under CEA III.

This Monday 15 April 2013, the banks have officially communicated that they will not support Alfacam Group in its request for protection under CEA III (WCO III). Consequently the company no longer has the opportunity to use its funds to support its operations.

The company will ask the Commercial Court of Antwerp to put an end to the CEA procedure. This procedure will probably be followed by the bankruptcy of the company.

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