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IMERYS SA ( (FR:NK) ) just unveiled an update.
Imerys’ North American talc entities have successfully advanced in their Chapter 11 proceedings, with over 90% of claimants approving the proposed Reorganization Plan, meeting the necessary legal threshold. The process is moving towards a confirmation hearing in the second quarter, and Imerys has made financial provisions in its accounts to address the consequences of this plan and resolve historical liabilities related to its U.S. talc operations.
More about IMERYS SA
Imerys is a global leader in mineral specialties for industry, boasting a turnover of 3.8 billion euros in 2023 and employing 13,700 people across 54 countries. The company provides high-value solutions for sectors experiencing rapid growth, including energy transition and sustainable construction, while also offering natural solutions for consumer goods. Imerys emphasizes environmentally friendly products and processes and supports decarbonization efforts, leveraging its expertise in material sciences to enhance product performance.
YTD Price Performance: -1.88%
Average Trading Volume: 4,630
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €2.32B
See more data about NK stock on TipRanks’ Stock Analysis page.
