Steel Industry: Novasco Has Until the End of September to Find a Buyer, 760 Jobs Suspended

lindependant.fr

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Novasco employs about 760 people, not to mention indirect jobs. The relatively short period of time given for takeover offers is designed to encourage potential candidates to "get out of the woods", according to a...

Capital.fr

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Just one year after its acquisition by the British fund Greybull Capital, the steelmaker NovAsco, ex-Ascometal, is placed in court. The four French sites and their 760 employees are now suspended in search of a buyer before the end of September.

Le Parisien

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Placed in judicial reform this Monday, the Novasco steelworks, ex-Ascometal, has a month and a half to save its activities and 760 jobs in France.

Haiti24

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Employees of NovAsco, during a strike in front of the factory of Hagondange (Moselle), on 30 July 2025. JEAN-CHRISTOPHE VERHAEGEN / AFP The conciliation procedure opened in June with no results, the 760 employees of NovAsco (ex-Ascometal) expected the bad news: the judicial reorganization of their group, pronounced on Monday 11 August by the Commercial Court of Strasbourg. It is not accompanied by a period of observation of six months, "because …

republicain-lorrain.fr

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Once again, NovAsco (ex-Ascometal) is placed in a judicial recovery, with a period of observation running until 25 September. Faced with the disengagement of the British Greybull, present since last summer, it is urgent to find a reliable buyer. But the situation is becoming more and more difficult, especially for the Hagondange site, comprising 420 jobs and an electric steel plant.