While the purchase offer of the CMA CGM must be studied on Tuesday, June 7, by the Bobigny court, the representatives of the employees of the press group are a new legal blockage.
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“Xavier Niel has lost the game. Let him leave us alone, now.” On behalf of the employees of the La Provence group, Julia Sanguinetti, secretary of the Corsican Social and Economic Committee (CSE) Corsica Matin advertising said all his exasperation , Friday, June 3, during a press conference given on the Old Port of Marseille. Supervised by the presidents of the other five CSEs of the press group, which employs 850 employees on the continent and in Corsica, the elected worker force wanted to express “anger and great concern” which agitate “the immense majority”, according to She, employees of the two newspapers.
In question, the last upheavals of the endless sales process that has lasted for almost nine months and sees two billionaires compete. The shipowner Rodolphe Saadé, boss of the CMA CGM shipowner, whose buyout offer must be studied by the Bobigny court on June 7, and Xavier Niel, founder of Free (and shareholder individually of the world), already owner of 11 % of the newspaper, which disputes certain aspects of the procedure before the courts.
The day before, an extraordinary CSE was summoned by the President and CEO of Provence, Jean-Christophe Serfati. An appointment to alert on the “very degraded financial situation” and warn of its desire to request the placement of the company in safeguard procedure if its acquisition was not pronounced quickly. Faced with employee representatives, Frédéric Avazéri, a financial representative of the group, spoke of “abysmal losses” and said that the 15 million euros in the two loans guaranteed by the State obtained by the company, had been consumed Eight months.
He also revealed that Provence only established its cash flow by drawing from the product of the sale of its walls, a jackpot of 36 million euros. M e
é> Avazéri also confirmed that the request for safeguard procedure from the Commercial Court of Marseille “would lead to a placement under receivership”, and therefore a reset of the sales process. The mandator judges the hypothesis as “an imminent danger”, while recognizing that Mr. Niel, a minority shareholder, signed up with the leaders of Provence to “bring the funds necessary to compensate”.
“Malaise with politicians”
This extraordinary CSE intervened as the sales process will experience a capital episode on Tuesday at the Bobigny court. At 2:30 p.m., the judge-commissioner responsible for the liquidation of the Bernard Tapie (GBT) group must study in audience the proposal brought by the CMA CGM shipowner. An offer of 81 million euros for the acquisition of the 89 % of shares held by the businessman who died in October 2021, who was validated by all the CSEs in Provence and Corsica morning, and obtained , under incredible conditions, the approval of the board of directors of the press group on May 9. It is this last decision that M. Niel challenges, who filed two appeals, the first, in summary proceedings, must be studied on Thursday, June 9.
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