Langbar International

Yes, you're right Kalinga/coot. I misremembered:

*41,400,000 issued to nominee holders Lambert Financial Investments (LFI) at Euro 5 per share. In settlement of the subscription debt CCO accepts a 'Certificate of Deposit' dated 12/12/03 and issued by Banco de Brasil for the sum of Euro 275m, with interest at 7.25% per annum maturing on 12 December 2004 (13 months and 13 days after admission day).

Though it doesn't alter the fundamental point- they accepted a Certificate, i.e. a piece of paper. Same as if they'd accepted a piece of Andrex.