Realites SCA (FR:ALREA) has released an update.
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Realites SCA is actively negotiating with creditors to restructure its 403.3 million euro debt and has laid out a recovery plan that includes reducing costs, selling assets, and refinancing projects. Under the guidance of the Commercial Court of Nantes, the company aims to secure its financial stability and preserve jobs and stakeholder interests. The plan also involves operational restructuring starting January 2025, with significant sales expected by the first quarter of 2025.
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