on ENERTIME (EPA:ALENE)
ENERTIME in receivership: end of activities
French company ENERTIME, specializing in "CleanTech" technologies for energy efficiency and renewable energy, has announced its liquidation. This decision was made by the Nanterre Commercial Court on October 9. No takeover offer has been made, rendering the company's shares worthless. The company's stock market listing will not resume.
ENERTIME has been experiencing financial difficulties following rapid growth and obstacles to pre-financing subsidies. Discussions with an investment fund on a recapitalization failed in June 2024, forcing the company to seek court protection.
A liquidator has been appointed to manage the assets and compensate creditors. ENERTIME's activity has ceased as of October 9, 2024.
R. P.
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