Overview

• The Strasbourg commercial court ordered the redressement judiciaire on August 11 and set an end-of-September deadline for takeover offers, with a hearing scheduled for September 25.
• Company treasury is projected to fund operations only until late September or early October, eliminating the usual six-month observation period.
• British fund Greybull Capital has injected just €1.5 million of its €90 million pledge, while the French state has disbursed €75 million and plans to deliver €10 million in late August.
• Multiple bidders have been auditioned but interest is fragmented toward secondary sites, and no comprehensive proposal has been made for the 450-worker Hagondange electric steelworks.
• Unions, including CGT and CFDT, have blocked flows at Hagondange and plan assemblies and a citizen march, highlighting the plant’s strategic value and social tensions.