Brief: Carmat To Resume Trading On Aug 21, Court Grants More Time To Finalise Bid
20/08/2025 06:06
Aug 20 (Reuters) - Carmat SA ALCAR.PA: PROVIDES AN UPDATE ON THE ONGOING RECEIVERSHIP PROCEDURE SHARES TRADING TO RESUME AUGUST 21, 2025 RESUMPTION OF CARMAT SHARES TRADING STARTING ON AUGUST 21, 2025 BID SUBMITTED BY CARMAT CHAIRMAN PIERRE BASTID COURT GRANTS MORE TIME FOR BID FINALIZATION BUYER TO PROVIDE €1.3M NON-REFUNDABLE CASH TO CARMAT LIKELY TO BE LIQUIDATED IF BID UNSUCCESSFUL IN CASE OF LIQUIDATION, HIGHLY PROBABLE THAT SHAREHOLDERS WILL LOSE TOTAL VALUE OF INVESTMENT, MAJOR PART OF CREDITORS WILL INCUR A VERY SIGNIFICANT LOSS OF UP TO THE TOTAL VALUE OF THEIR RECEIVABLES. Source text: ID:nBw8XH5LZa Further company coverage: ALCAR.PA (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))
Recent news on Carmat SA
See all newsBrief: Carmat Receives Takeover Bid
Brief: Carmat SAS Submits Bid For Carmat SA Within Ongoing Receivership Procedure
Brief: Carmat Says Liquidation Review Postponed Until Nov 25
Brief: Carmat: Judiciary Administrator Has Submitted Request To Convert Receivership Into Liquidation To Court
Carmat says imminent liquidation now 'extremely probable'