Daycare group Estro paid directors bonuses prior to bankruptcy
Bankrupt daycare company Estro paid its executives bonuses just months before the company went bust, the NRC reported at the weekend.
Chairman Jean-Pierre Bienfait was given a payout of €41,000 in April, covering 2013, while financial director Kris Geysels was handed €33,000. Both men joined the company in November, the paper said.
Bienfait was given a second bonus of €25,000 in June. Estro was declared bankrupt on July 5.
Restart
The NRC reported earlier that private investment group HIG negotiated with itself to buy out part of Estro in a controversial restart.
HIG took over most of the Estro daycare centres in a ‘pre-pack deal’, a bankruptcy and restart agreed ahead of formal bankruptcy proceedings.
HIG was one of the owners of Estro before it went bust. ‘In a way, HIG was negotiating with itself,’ official receiver Wouter Jongepier is quoted by the NRC as saying.
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