Company Overview - McPhy Energy specializes in hydrogen production equipment, contributing to the global deployment of low-carbon hydrogen for energy transition [3] - The company offers a complete range of products for industrial, mobility, and energy sectors, providing turnkey solutions for various applications [3] - McPhy has been designing, manufacturing, and integrating hydrogen equipment since 2008, with development centers in France, Italy, and Germany [3] Recent Developments - A conciliation procedure was opened in April 2025, leading McPhy to initiate a call for tenders for a potential takeover of its assets and activities [1] - The deadline for the submission of offers was May 9, 2025, and the received tenders are currently under review [5][2] - No in bonis offers have been received, which may result in a judicial liquidation procedure for McPhy, leading to the delisting of its shares [6] Financial Implications - The anticipated residual value from the judicial liquidation is expected to be nil, as the proceeds from asset realization are likely to fall short of liabilities [6] - The company is preparing to communicate the next steps related to the takeover project and any significant changes in its situation [2]
McPhy Energy: Search for a buyer - Update on the situation
Globenewswireยท2025-05-14 16:50