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Louvre, the world-famous museum in Paris, has filed for bankruptcy protection and is considering selling off its property, according to a report published Thursday.

Louvre had a $2.8 billion loan that was due to expire at the end of this month, according the newspaper Le Monde.

The lender, French bank BNP Paribas, has also filed for Chapter 11 protection.

The Louvre property includes a main concourse, a building for the museum and the offices of the Louvre archives, the Paris news agency AFP reported.

It is unclear how long the sale would take, but the Parisian daily newspaper Le Parisien said the bank had asked the Paris authorities to grant an extension.

The newspaper also reported that the bank may sell off some of its assets, such as its offices.

Louveres owners, who include a former banker, have not responded to Reuters requests for comment.

Reuters/AFP

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