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Cybergun SA ( (FR:ALCYB) ) has issued an update.
CYBERGUN is working to secure the future of its subsidiary VERNEY-CARRON amid financial uncertainties. A major global player has made a firm offer for a majority takeover of VERNEY-CARRON, contingent on financial restructuring. CYBERGUN has committed to forgoing advances and seeks a 4.5 million euro loan from the Economic and Social Development Fund, supported by the General Delegation for Armament and the Ministry of the Armed Forces. However, the Ministry of Economy and Finance has not yet approved the loan, putting the company’s sustainability at risk. If the loan is not granted, VERNEY-CARRON may face judicial liquidation, threatening French expertise in small arms.
More about Cybergun SA
Founded in 1986, CYBERGUN is a global expert in shooting, historically focused on the civil and recreational segment with products like Airsoft and Airgun. Since 2014, it has expanded into a military division for training armed forces and police. CYBERGUN is recognized as an ‘Innovative Company’ by Bpifrance and is listed on Euronext Growth in Paris. VERNEY-CARRON, established in 1820, is the largest and oldest French manufacturer of hunting weapons, also producing defense ball launchers and military weapons under the LEBEL brand.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €1.44M
For detailed information about ALCYB stock, go to TipRanks’ Stock Analysis page.