Fibre Excellence: the management team withdraws its bid to facilitate a new plan to revive the sites
Another turn of events. Following Matthieu Pigasse’s expression of interest (letter of intent) regarding the takeover of Fibre Excellence, the French producer of market pulp (FE; see our news last 18 June), on 22 June, in a press release, Jean-François Guillot, chairman of FE (photo), announced the withdrawal of the bid he had put forward alongside the management team, in light of “the doubts raised by the Minister for Industry and various stakeholders regarding the governance of the bid.” The Toulouse Commercial Court is due to rule on this case on 6 July.
