France's Latecoere says talks on potential capital reconfiguration progressing (updated)

Latecoere SA

03/05/2023 09:33

(Adds details on statement)
       May 3 (Reuters) - French aerospace company Latecoere
 LAEP.PA  said on Wednesday that discussions with stakeholders
on ways to improve its capital structure are progressing.
    The group, which is partly owned by U.S. private equity firm
Searchlight Capital, is in the midst of a restructuring process
and in talks with its stakeholders, which include the French
state.
    In a filing, Latecoere said as a result of the ongoing
discussions, it will delay the filing of its Universal
Registration Document, an annual document issued by listed
companies providing an update on their organisation and
financial status. 
    French newspaper Les Echos reported last month that
Searchlight Capital was ready to invest more money into
Latecoere's transformation on condition that the French state
waived COVID-19 recovery debts.
    Shares in Latecoere were up 2.5% at 0735 GMT.

 (Reporting by Augustin Turpin
Editing by David Goodman and Sharon Singleton)
 ((augustin.turpin@thomsonreuters.com))