Orey Antunes sanctioned by the Bank of Portugal with a fine of 100 thousand euros
Sociedade Comercial Orey Antunes (SCOA), which is in the process of revitalization, was ordered by Banco de Portugal to pay an effective fine of 100,000 euros, the company said in a statement to the Securities Market Commission (CMVM).
As part of the administrative offense process 18/08/CO, Banco de Portugal imposed a fine of 400 thousand euros on Orey Antunes, but suspended at 75% of that amount for a period of three years.
In its statement to the transport and logistics company (which in the past had a financial and brokerage business, abandoned) it did not give the reason for the sanction, but reveals that it will not challenge this supervisor’s decision in court.
I am sorry in the first instance, PER, the representatives of society, responsible for the first instance (Special Plan) and other support.
Despite disagreeing with the decision of Banco de Portugal to Orey Antune, Orey Antune states that it will not fight in the courts “due to the high legal implications and costs, mainly because it prefers to focus its time, resources and resources on its management administrative” with the objective of the good accomplishment of the recovery plan”.
“With this decision of non-challenge, SCOA would like to turn the page and put an end to this least positive in its 136-year history, giving to other, better and more successful chapters”, the company also points out in the statement to the CMVM. .