Metabolic Explorer (FR:METEX) has released an update.
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METabolic EXplorer (METEX), a leader in industrial fermentation, has received a takeover offer from Avril for its animal nutrition and plant sectors, METEX NØØVISTAGO, and some commercial and R&D activities, which could preserve 304 jobs if accepted. Additionally, the Paris Commercial Court is reviewing a separate takeover offer from MAASH for METEX NØØVISTA and the potential conversion of recovery proceedings into judicial liquidation, with decisions expected in June 2024. Trading of METEX’s shares remains suspended, and shareholders are advised that liabilities may prevent any distribution from the sale of group company activities.
For further insights into FR:METEX stock, check out TipRanks’ Stock Analysis page.
