Mithra declared bankrupt, shareholders misplaced cash

Mithra additionally had a inventory trade itemizing, however resulting from monetary issues the share was quickly suspended. The corporate’s press launch now says there is no such thing as a cash left for shareholders.

The chapter doesn’t have an effect on the teams Mithra CDMO and Novalon, that are in separate authorized safety mode. This process has been prolonged till the tip of June, the regulation confirms. The extension ought to nonetheless enable events to submit a bid.

In line with the socialist union, an settlement was additionally reached with the Hungarian group Gedeon Richter to take over the teams Estetra and Neuralis, which might save round 50 jobs in Liège. However the administration’s press launch says that discussions with Gedeon Richter will proceed. “The transaction shall be signed and accomplished as quickly as attainable,” he stated. The proceeds from the sale, minus the debt, shall be paid to collectors so as of precedence. “The This settlement creates no worth for the shareholders of Mithra nv.

Francois Fornieri

Mithra had been in monetary bother for a while. Originally of March, the Liège pharmaceutical firm noticed its CEO depart after lower than a 12 months. As the cash had dried up, the corporate then put all its belongings on show. Mithra obtained bridging loans to maintain him going for just a few extra months, and commenced negotiations to promote out. Nevertheless it was already clear that this is able to not yield sufficient to pay again all of the credit.

Mithra’s most important shareholders included the previous CEO and notorious founder François Fornieri, the American funding firm Armistice Capital, the Walloon government-owned firm Noshaq (previously Meusinvest) and in addition the funding firm Alychlo from Marc Cock.