Overview
- Following Wednesday's commercial court decision, judges granted Fibre Excellence a three-week extension and formally noted Matthieu Pigasse’s letter of engagement to join a revamped takeover bid.
- The bidders must submit a remodeled offer by July 2 and appear at the Tribunal de commerce in Toulouse on July 6 for a ruling that could decide the deal’s acceptance.
- Unions and regional officials are calling on the national government to lift suspensive conditions that they say block state support and are essential to finalizing the rescue plan.
- Fibre Excellence’s three sites have been stopped since April, the group directly employs about 670 people, and local actors warn thousands of indirect jobs in the wood and paper supply chain are at risk.
- Supporters say Pigasse’s involvement could secure medium‑ to long‑term investment and revive plans for the Chapelle Darblay paper mill, but legal uncertainty over past liquidation reports keeps the outcome fragile.