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Brink’s Belgium Bankruptcy May Facilitate Takeover, Belga Says

The court-appointed administrators of Brink’s Co.’s Belgian unit may seek a bankruptcy to lower the cost for potential buyers, Belga news agency reported, citing administrator Alain Zenner.

Zenner hasn’t received any formal or conditional offers for the Belgian business so far and would file for bankruptcy as soon as a potential buyer agrees to take over the workforce after the bankruptcy, according to Belga.

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