Examination by the Paris Commercial Court of the offer to take over the industrial sites of Recylex S.A.
16 June 2022 - 2:00AM
Examination by the Paris Commercial Court of the offer to take over
the industrial sites of Recylex S.A.
Recylex S.A. (Euronext Paris:
FR0000120388 - RX) (the "Company") announces today that a
single offer to take over the two industrial sites located in
Escaudoeuvres and Villefranche-sur-Saône was presented to the Paris
Commercial Court at the hearing for the examination of offers on
June 14, 2022.
As a reminder1, this offer was made by the
Belgian company Campine NV and covers the acquisition of the assets
of the two used lead-acid battery recycling sites as well as the
polypropylene waste recycling business of the subsidiary C2P S.A.S.
(via an acquisition of the corresponding shareholding).
The date of the final decision of the Commercial
Court (deliberation) has been set for July 6, 2022. The Company
will inform the market of the Court's decision.
The Company reminds that, given the importance
of the debts and other liabilities, and the low value of the assets
resulting from the offer received, the prospects for the adoption
of a recovery plan remain uncertain.
In view of the above, there are no plans at this
stage to resume the listing of Recylex S.A. shares.
***
1 See press releases of April 15 and May
6, 2022
***
Disclaimer: This press release is a non-official
translation into English of the press release of the same date
issued in French language and is provided solely for the
convenience of English-speaking users. This press
release should be read in conjunction with and construed in
accordance with French law. Disclaimer: This press release may
contain forward-looking statements that constitute either trends or
objectives and should not be construed as forecasts of
results or any other performance indicator. This information is by
its nature subject to risks and uncertainties, as described in the
Company's Annual Report available on its website
(www.recylex.fr). More detailed information on
Recylex can be found on its website (www.recylex.eu).
***
Raw materials from urban minesThe Recylex Group
is a European specialist in the recycling of lead, zinc and
polypropylene.For more information about the Recylex
Group: www.recylex.eu
***
Press & Investor contact: T +33 (0)158 47 29 91 |
E info@recylex.eu
Recylex S.A. | Registered office: 6 place de la Madeleine |
75008 Paris | France
Administrative office: 79 rue Jean-Jacques Rousseau | 92158
Suresnes Cedex | France
- Recylex S.A. - Examination by the Paris Commercial Court of the
offer to take over the industrial sites of Recylex S.A.
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