Fibre Excellence's Management, Owner of the Last Two French Pulp Mills, Submitted an Offer to Take Over
6 Articles
6 Articles
The proposal tabled on Monday 1 June by the last pulp manufacturer in France, placed in the process of judicial reform, provides for the retention of all employees in Occitanie and Paca, on which in addition to 10,000 indirect jobs depend.
"The aim is to create a new entity that will take over all the assets and employees," announced a spokesperson for Fibre Excellence, who was placed in court on 27 April.
"The aim is to create a new entity that will take over all the assets and employees," said a spokesperson for the company.
An offer to take over Fibre Excellence, owner of the last two pulp mills in France, in Haute-Garonne and in the Bouches-du-Rhône, was filed on Monday in Toulouse's commercial court.
While the Toulouse Commercial Court is scheduled to decide on June 17 on the future of the last French merchant pulp manufacturer, no buyer has shown itself. Fibre Excellence's management has just submitted an offer with the support of the Occitanie and South regions.
The management of Fibre Excellence, owner of the last two pulp mills in France, submitted a takeover bid on Monday for the company which was placed in receivership on April 27.
Coverage Details
Bias Distribution
- 67% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
