METEX Faces Takeover Amid Judicial Recovery

Metabolic Explorer (FR:METEX) has released an update.

METabolic EXplorer (METEX), a company specializing in natural ingredient manufacturing through industrial fermentation, is undergoing a judicial recovery process, with a takeover offer for its METEX NØØVISTAGO and parts of its activities presented by Avril, supported by Bpifrance and regional entities. The offer, which could lead to the judicial liquidation of METEX’s entities, involves the transition of 315 jobs and the delisting of METEX shares from Euronext, with no financial return to shareholders due to significant liabilities. A decision from the Paris Commercial Court is expected in July 2024.

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