on ENERTIME (EPA:ALENE)
ENERTIME requests its placement in receivership
ENERTIME, a French company specializing in industrial energy efficiency and the production of renewable energy, announces its placement under the protection of the Commercial Court. By a judgment of July 10, 2024, the Nanterre Commercial Court opened the judicial recovery procedure.
This decision aims to perpetuate the company's activity and maintain jobs. It also includes the search for new investors or financial partners. SELARL FHBX, represented by Maître Gaël Couturier, was appointed as receiver.
The procedure is linked to the failure of negotiations with an investment fund for the buyout and recapitalization of the company before the end of 2024. ENERTIME faces significant additional costs and project delays, aggravated by an uncertain political situation In France.
The suspension of the trading of ENERTIME shares, effective since July 2, 2024, remains maintained. The company informs that it will regularly keep the market informed of developments in the situation.
R. H.
Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all ENERTIME news