Lone Star To Acquire Polytechnil Assets
An American investor has been selected to acquire the chemical company Polytechnil. The company operates factories in the Rhône and Drôme regions of France. The takeover is expected to result in job losses, with only 72 of the 550 employees expected to remain employed. The acquisition is currently awaiting final validation. Only 72 of the 550 employees are expected to continue working following the takeover. The resumption of operations is still subject to validation. The Lyon Economic Affairs Court has validated a takeover bid by American investment firm Lone Star for the chemical company Polytechnil. Lone Star intends to retain only 72 of the company's 547 employees. Under the plan, the Saint-Fonds site will continue operations while the Valence site will close. Labor unions have described the operation as a social tragedy.
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Sources · 7 independent
France Info
“Un repreneur a été retenu mais de nombreux salariés vont perdre leur emploi chez Polytechnil. L'entreprise chimique qui possède des usines dans le Rhône et la Drôme sera reprise par un investisseur américain”
France Culture
“le tribunal a validé la seule offre de reprise, celle du fonds d'investissement américain Lone Star qui ne veut conserver que 72 des 547 salariés”
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