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CORRECTED-Luxembourg accepts Espirito Santo stakeholder's creditor protection claim
July 22, 2014 / 4:16 PM / 3 years ago

CORRECTED-Luxembourg accepts Espirito Santo stakeholder's creditor protection claim

(Corrects to show that ESI is holding company of family not of the bank)

BRUSSELS, July 22 (Reuters) - A Luxembourg court on Tuesday accepted a demand for creditor protection from Espirito Santo International (ESI), a holding company of Portugal’s troubled Espirito Santo family.

A Luxembourg commercial court had declared the demand of ESI admissable, a judicial spokesman said in a statement.

ESI is a holding company close to the top of a cascading ownership structure of the troubled Espirito Santo family empire. (Reporting By Philip Blenkinsop and Michele Sinner)

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