Campine bids on selected assets of Recylex France
15 April 2022 - 8:30AM
Campine bids on selected assets of Recylex France
Occasional information – April 15th, 2022 –
08:30
Campine NV, metals recycling and specialty
chemicals company from Beerse, Belgium and listed on Euronext
Brussels has submitted a binding offer for selected assets of the
Recylex S.A. group.
Recylex S.A., a French metal recycling company
listed on Euronext Paris has been in financial difficulties since
several years, which lead mid 2020 to the bankruptcy of its German
entities, the main industrial assets of the group. Recylex
initiated a debt restructuring process in 2021 in which it seeks to
sell several of its remaining French assets.
Campine has offered to acquire the lead battery
recycling plants in Escaudoeuvres and Villefranche-sur-Saône,
France as well as the plastics recycling unit C2P, located on the
same site.
The 2 Recylex sites employ about 60 people and
recycle a total of about 80.000 tonnes of batteries. This bid fits
in Campine’s expansion plans to grow in the circular economy by
increasing its material recovery rate as well as starting to
recycle plastics. Campine intends to integrate both plants in its
industrial operations, maintaining employment and plans substantial
investments in the future on both sites. Campine also aims to
continue the relationship with the existing suppliers, service
providers and customers.
Campine’s offer is currently under evaluation
and is subject to different conditions precedent linked to
environmental liabilities and obligations as well as administrative
authorisations. The impact of the offered price on Campine’s
finances is limited. The offer will be further filed with the
French commercial court in Paris and will remain subject to its
approval.
For more details on the situation of Recylex, we
refer to the Recylex press releases, which can be found on
https://recylex.eu/en/publications/
For further information you can contact Karin
Leysen (tel. no +32 14 60 15 49)(email:
Karin.Leysen@campine.com)
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