The decision on the takeover of the group will be made on July 8

There is now only one buyer left at the negotiating table.

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Ascometal has been in receivership since March. (BORIS HORVAT / AFP)

The decision concerning the takeover of the Ascometal steel group – placed in receivership since March – will be made on July 8, franceinfo learned on Friday June 28 from the CGT. The hearing took place on Friday at the Strasbourg commercial court.

According to the CGT to franceinfo, all the bodies of the procedure have given a favorable opinion to the takeover by Greybull, a British investment fund that says it is ready to take on 750 of the 768 employees. It is now the only buyer. The French industrialist Europlasma and the Italian Vénété have in fact withdrawn.

The investment fund agrees to take over the sites located in the North, in Lorraine and in the Loire, on condition of obtaining public financing.

According to several union sources at franceinfo and France Bleu Saint-Etienne Loire, negotiations with the Ministry of Industry were concluded during the night from Thursday to Friday. Greybull has obtained 85 million loans over two years, including 45 million this year (30 million immediately and 15 million in October).


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