Intel’s Strategic Asset Transfer: Court-Supervised Buyer Search

Lailuma Sadid
Credit: BELGA PHOTO HATIM KAGHAT

Brussels (The Brussels Morning Newspaper): Intel is looking for court supervision for a four-month buyer search, while Filigranes bookstores struggle financially amid industry challenges.

Intel has asked the Brussels French-speaking Commercial Court for legal supervision in a transfer process. Filigrane bookstores in Etterbeek, Ixelles, and Knokke are having trouble because of issues in the book industry. The stores couldn’t fix their money problems because they weren’t making much profit, and their costs kept rising. Even after trying to reorganize things, they couldn’t get the money situation back on track. This made it hard for them to stay stable and keep going in the tough book industry crisis.

What Buyers Will Intel Choose for Its Future? 

Intel is looking for buyers for its stuff and will show them to the court after four months. This time Intel checked out interested people and discussed deals well to find the right match for its plans. Intel wants to find buyers that fit its goals and give the best value for its stuff. After four months, Intel will share the buyer list with the court to follow the rules. This open process aims to keep everyone okay and make the switch smooth.

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Brussels Morning is a daily online newspaper based in Belgium. BM publishes unique and independent coverage on international and European affairs. With a Europe-wide perspective, BM covers policies and politics of the EU, significant Member State developments, and looks at the international agenda with a European perspective.
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Lailuma Sadid is a former diplomat in the Islamic Republic of Afghanistan Embassy to the kingdom of Belgium, in charge of NATO. She attended the NATO Training courses and speakers for the events at NATO H-Q in Brussels, and also in Nederland, Germany, Estonia, and Azerbaijan. Sadid has is a former Political Reporter for Pajhwok News Agency, covering the London, Conference in 2006 and Lisbon summit in 2010.
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