sur PLASTIQUES DU VAL DE LOIRE (EPA:APLAT)
Strategic Divestment by Plastivaloire Group
On August 5, 2024, Plastivaloire Group announced the sale of its subsidiary Plastivaloire Germany GmbH, which owns Karl Hess and the Pilsen site, to the principal manager of Karl Hess and an institutional financial partner. This decision aligns with the Group's efforts to focus on more profitable ventures and enhance overall performance.
Due to low operating profitability and rising financial pressure, Karl Hess accumulated €44.4 million in debt. As part of the agreement, Plastivaloire Group will assume €10 million of this debt, improving its net debt position by €34.4 million. Despite a €30 million negative impact on the 2023-2024 net income, the transaction will bolster the Group's EBITDA margin from 2024-2025.
Approval from main customers ensures operational continuity, and Plastivaloire will maintain its German clientele via a new local front office. The transaction awaits final conditions, including confirmation from financial partners and German banks.
R. P.
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