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Mossi & Ghisolfi: race to avoid bankruptcy, Eni on track

The Tortona company has requested an arrangement with creditors – Today the Mise meets the company and the unions, tomorrow the hearing at the Court of Alessandria – Everything is betting on the sale of the Biochemtex branch to Versalis

Mossi & Ghisolfi: race to avoid bankruptcy, Eni on track

A busy schedule and only one goal: to save the shack. The future of Mossi & Ghisolfi hangs in the balance. The now former multinational from Tortona is trying to avoid bankruptcy through the arrangement with creditors procedure, the same one to be clear, chosen by Atac to try to survive and guarantee local public transport. On October 27, the Court of Alessandria gave a first go-ahead to the procedure and the hearing on the proposal and the plan connected to it will be held tomorrow.

Everything is betting on the sale of the Biochemtex branch to Versalis, which has presented a binding offer which will expire on July 31st. However, the court could "obstruct" the transaction, which on 23 June explained that the offer must be "compatible with the competitive procedure" envisaged by the bankruptcy legislation. Simply put, an auction is needed, but it takes much longer. In short, there is a risk of going well beyond the deadline of the offer presented by the subsidiary Eni, which has put 75 million euros on the plate, but above all the absorption of all the company's employees.

Another key appointment will be held today, July 3, at the Ministry of Economic Development where representatives of the company and the trade unions will meet.

It is difficult to understand how we got to this point, bearing in mind that, just two years ago, Mossi & Ghisolfi was a multinational active both in Italy and in the United States which brought home revenues of 1,7 billion euros . Today the plants are closed and the only goal is to go ahead, safeguarding technologies and employees.

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