Illustrious Antwerp Gem Trader Seeks U.S. Bankruptcy Protection
- Exelco has liabilities of up to $100 million, filing shows
- Standard Chartered and KBC Bank are among company’s creditors
A diamond is displayed by tweezers
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Diamond trader Exelco NV, one of the industry’s most storied names, has filed for bankruptcy protection in the U.S.
The Antwerp, Belgium-based company filed for Chapter 11 bankruptcy in Delaware, listing up to $100 million in liabilities, according to court filings. U.K. bank Standard Chartered Plc and Belgium’s KBC Group NV are among its biggest creditors, according to a separate filing in Belgium.