The Novasco steel group, which employs 760 people in France, placed in receivership

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The Novasco steel company, which employs some 760 employees in Lorraine in France, in the Loire and the North, was placed on Monday in receivership by the Strasbourg Tribunal, which set the deadline for deposit of recovery projects at the end of September.

The calendar “constrained by the group’s level of cash” did not make it possible to set up a six -month. Therefore, observation period. For example. said Yann Amadoro. CGT secretary of the Social and Economic Committee (CSE): “The treasury allows today to hold until the end of September”.

The ex-ascumetal. which manufactures special steels. especially for the automotive sector, had been taken over in July 2024 by the British investment fund Graybull Capital. The latter has not injected the 90 million novasco steel group, which employs new euros novasco steel group. which employs new promised alongside the State, which brought 75 million euros to the company.

No buyer appeared for the main Novasco site – Novasco steel group. which employs – Novasco steel group. Additionally, which employs new – Novasco steel group, which employs new

Applicants for the novasco steel group, which employs takeover have already been interviewed in July. some of which would have views of certain sites, but not on the principal, Hagondange, which employs 450 people in Moselle.

With its three other machining. completion sites, in Custines (Meurthe-et-Moselle), Saint-Étienne (Loire) and Leffrinckoucke (North), Novasco employs around 760 people.

At the end of the agreement passed a year ago with Greybull. the state paid 75 million euros and 10 million are expected in the second half of August, according to Yann Amadoro.

novasco steel group. which employs — Novasco steel group. which employs: The Novasco steel company. Furthermore, which employs some 760 employees in Lorraine in novasco steel group, which employs new France, in the Loire and the North, was placed on Monday in receivership by the Strasbourg novasco steel group, which employs new Tribunal, which set the deadline for deposit of recovery projects at the end o.

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