Brief: EPC Groupe: Progress Report On Disposal Of Deconstruction Activity

Soc D Explosifs Produits Chimiques SA

14/12/2022 17:40

Dec 14 (Reuters) - Soc D Explosifs Produits Chimiques SA
 EEPC.PA :
    * DISPOSAL OF THE DECONSTRUCTION ACTIVITY: PROGRESS REPORT
    * BOARD OF EPC HAS REVIEWED THE FIRM OFFERS RECEIVED AS PART
OF
THE SALE PROCESS INITIATED BY THE COMPANY AND ANNOUNCED TO THE
MARKET ON SEPT 9, 2022
    * THE TIGHTENING OF FINANCING CONDITIONS COMBINED WITH THE
CONTEXT
MARKET CONSIDERED UNCERTAIN BY POTENTIAL BUYERS HAS STEERED
OFFERS DOWNWARDS
    * THE FIRM PRICES OFFERED WERE CONSIDERED INSUFFICIENT BY
THE
BOARD WHICH HAS THEREFORE DECIDED TO END THIS PHASE OF
DISCUSSION
    * THE BOARD CONFIRMS  ITS DESIRE, IN THE LONG TERM, TO FIND
AN
EXTERNAL BUYER UNDER ATTRACTIVE VALUATION CONDITIONS

Source text for Eikon:  ID:nNDLk1rLR 
Further company coverage:  EEPC.PA 
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