Recylex, which requested receivership in April, will know on July 6 whether the offer to take over two of its factories has been validated by the courts. The share price has not resumed for two years.
An important deadline for Recylex on July 6 | Photo credits: Recylex
The dice are cast for Recylex. The lead, zinc and polypropylene recycling specialist will learn on July 6 whether the Paris Commercial Court validates the offer to take over its two industrial sites, located in Escaudoeuvres (North) and Villefranche-sur Saône (Rhône). ). Only the firm offer of Campine LV, a chemical group specializing in particular in lead recycling, was audited by the courts on June 14. The resumption of the quotation is thus not at the time of day, after already two years of suspension.
The Belgian chemical company intends to take over the assets of the two used lead-acid battery recycling sites, as well as the polypropylene waste recycling activity of the C2P SAS subsidiary. to maintain the activities of the group’s industrial sites and the associated jobs “, had indicated Recylex in a previous press release.
The recycling company inform the market of the Tribunal’s decision » and recalls that « given the size of the debts and other liabilities, and the low value of the assets resulting from the offer received, the prospects for adopting a recovery plan remain very uncertain “. A bad omen because, even if the takeover of the two sites is accepted, Recylex’s global receivership requested in April is not guaranteed to succeed. This legal request had followed the fact that the recycling company had not found a point of agreement with its creditors to restructure its debt.
RG