Comexposium, which entered safeguard procedure in order to shield itself from the pandemic's effects on its business has emerged from the process reinforced with the support of its shareholders.
The safeguard exit plans, presented on September 14, 2021, were all approved by the Nanterre Commercial Court. The plans set out, in particular the repayment terms for the group's debt. One year after this protective procedure reserved for sound companies experiencing one-off difficulties was commenced, Comexposium is exiting the procedure on schedule and is returning to management of its business and finances as normal.
Buoyed by the support of its shareholders and their €110M contribution, this procedure will have enabled Comexposium to get through the pandemic's effects by allowing it to focus on preparing for the recovery and maintaining its leadership position, the company states.
During that period, Comexposium has reorganised its business by area of expertise and has boosted its capacity to innovate and anticipate changes in the market, and in particular the digitalisation of the market, which accelerated during the pandemic.www.comexposium.com/Pressroom