June 29, 2020 / 6:43 AM / 13 days ago

BRIEF-Neovacs Announces Famar Lyon Acquisition Project

June 29 (Reuters) - NEOVACS SA:

* 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:

Further company coverage: (Gdansk Newsroom)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below