Business · Companies · 2 hrs ago

No takeover offers for Fonderie de Bretagne before deadline

No takeover offers for Fonderie de Bretagne before deadline

No takeover offers were submitted for Fonderie de Bretagne by the deadline, according to French lawmaker Damien Girard.

The foundry is in Brittany, and the news affects its employees and their families.

The deadline to submit offers expired at midnight on Monday, October 12.

A takeover offer could have allowed a buyer to take over the business.

The court is expected to order the company’s liquidation on Thursday, unless there is a last-minute change.

Liquidation would mean the company is wound up, putting its future and its employees’ jobs at stake.

What people are saying

Damien GirardLes Écologistes deputy
aucune offre n’a été déposée auprès de l’administrateur judiciaire.
via Le Télégramme
Cette catastrophe était évitable
via Le Télégramme

Sources

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