According to the local press, three candidates remain in the running to take over the Condat plant (Lecta Group). They presented their bids yesterday, February 4, to the Bordeaux Commercial Court. These are the Société de Participation de la Braye (SPB, the only one to submit a complete proposal), the Czech company Finesta, and Condat Papers, a subsidiary of the Scic (Société Coopérative d’Intérêt Collectif – Cooperative Society of Collective Interest) supported by the CGT union. SPB’s offer envisions the industrial conversion of the site but would initially retain only about 20 of the 202 current employees. Specializing in the energy sector, Finesta would like to continue paper production (and possibly restart PM4) and develop waste recovery using the boiler. Condat Papers has also requested an extension to refine its offer.
The court ultimately granted an extension until February 13th to allow candidates to refine their proposals and submit new documents. The Chinese paper company Xianhe appears to have withdrawn from the bidding. The identity of the buyer should be known by the end of February. Three criteria will be particularly crucial: the long-term viability of the industrial project, the number of jobs preserved, and the purchase price of the assets.
V. L.
Photo/V.L
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