WILLEMSTAD - The Central Bank of Curaçao and Sint Maarten (CBCS) announced in a press release its intention to sell Banco di Caribe N.V. (BdC), a subsidiary of Ennia Caribe Holding N.V. (ECH) which is a wholly owned subsidiary of Parman International B.V. (PIBV).
As per its articles of association, ECH does not have the authority to decide on the sale of its subsidiaries and requires the approval of PIBV for any such purpose. On the instruction of the Central Bank, ECH issued an invitation to PIBV to attend its Shareholders Meetings on May 25, 2021, in connection with which on May 20, 2021, PIBV requested relevant information which is standard practice in advance of any Shareholder Meeting. No such information has yet been received from ECH or the Central Bank.
The public needs to be informed at this opportunity that the Ennia Group of Companies were in excellent financial condition, enjoyed a high degree of liquidity and had absolutely no third-party creditors other than in the ordinary course of business on July 6, 2018 when they were placed under the emergency rule in a surprise move by the CBCS, one and a half years ahead of a three year timetable for the completion of a restructuring allowed to the Group by the Central Bank.