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Cybergun SA ( (FR:ALCYB) ) has provided an announcement.
CYBERGUN is working on securing an industrial partner for its subsidiary VERNEY-CARRON, a renowned French arms manufacturer, to ensure its long-term development. This effort involves financial restructuring, including declaring a cessation of payments to initiate a judicial reorganization procedure. The goal is to finalize an industrial partnership that will support VERNEY-CARRON’s strategic growth, with CYBERGUN maintaining a significant minority stake. The move is supported by French authorities, emphasizing its importance to national industrial sovereignty.
More about Cybergun SA
CYBERGUN is a company involved in the arms industry, focusing on designing and manufacturing small-caliber weapons. It has taken control of VERNEY-CARRON, a historic French arms manufacturer, with the aim of restructuring and supporting its growth while maintaining its French industrial expertise.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €721.9K
For an in-depth examination of ALCYB stock, go to TipRanks’ Stock Analysis page.