Brief: Neovacs Announces Famar Lyon Acquisition Project

Neovacs SA

29/06/2020 07:41

June 29 (Reuters) - NEOVACS SA  ALNEV.PA :
    * ANNOUNCED ON SUNDAY PROJECT TO ACQUIRE FAMAR LYON, IN
ASSOCIATION WITH INDUSTRY AND COFILUX
    * PROJECT IN ORDER TO CREATE MAJOR SITE FOR HEALTHCARE AND
PHARMACEUTICAL INDUSTRY IN FRANCE
    * OVERALL INVESTMENT IS EUR 37 MLN OVER 5 YEARS
    * NEOVACS TO INVEST EUR 2 MLN IN CAPITAL TO HOLD 15% OF
FINANCIAL
VEHICLE OF TAKEOVER OF FAMAR LYON
    * NEOVACS TO BE IN SUPERVISORY BOARD AND HOLD CHAIRMANSHIP
    * PROJECT SEES TO INCREASE SITE'S WORKFORCE FROM 150 TO MORE
THAN
400 EMPLOYEES
    * ACCOMPANYING MEASURES FOR FAMAR LYON EMPLOYEES NOT
INCLUDED IN
CONTINUATION PLAN ARE PREVIEWED
    * PLAN TO BE EXAMINED ON JUNE 30 BY PARIS COMMERCIAL COURT  

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nACT63999
    
 Further company coverage:  ALNEV.PA  
   


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