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Brink’s Belgium Bankruptcy May Facilitate Takeover, Belga Says

Dec. 17 (Bloomberg) -- 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.

To contact the reporter on this story: John Martens in Brussels at jmartens1@bloomberg.net

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net

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