Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. France
  4. Euronext Paris
  5. CNIM Groupe
  6. News
  7. Summary
    COM   FR0000053399

CNIM GROUPE

(COM)
  Report
SummaryQuotesChartsNewsCalendarCompanyFinancials 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

CNIM Groupe : finalises its financial restructuring

10/21/2021 | 03:55pm EST

Paris, October 21, 2021

PRESS RELEASE

CNIM Groupe finalises its financial restructuring

CNIM Groupe announces today that it has finalised its financial restructuring, following the satisfaction of the conditions set out in the conciliation agreement approved by the Paris Commercial Court on 13 August 2021.

As announced on 30 July 2021, the Group has concluded the documentation provided for its conciliation protocol, which incorporates measures based on five key areas1 :

  1. The granting by the French State of two long-term FDES loans to CNIM Environnement & Energie EPC (EUR 110 million made available in part by offsetting the FDES loan granted on 25 March 2021) and CNIM Systèmes Industriels (EUR 15 million);
  2. The waiver of debts by the Group's bank creditors and Martin GmbH, the Group's historical partner, for a total of €163 million in exchange for the granting of a financial recovery clause;
  3. The partial repayment of medium-term debt, for an amount of €26.9 million, thanks to the proceeds from the sale of the O&M, Bertin IT and Biomass activities, the entry of Martin GmbH into the capital of LAB for
    49%, and the rescheduling of the remaining amount of €42.7 million;
  4. The provision of a new signature commitment line for an amount of EUR 166 million;
  5. The implementation of a matching programme, notably in the field of environment and energy.

The Group is thus re-establishing financial conditions enabling it to implement its strategic plan and the affiliation programme in the best possible conditions. Under the current conditions, management's business plan makes it possible to consider sufficient liquidity over the 2021-2024horizon. CNIM Groupe has appointed Rothschild & Co to assist in the implementation of the matching programme.

The Group was assisted in this restructuring by Darrois Villey Maillot Brochier AARPI, Rothschild & Co, EY and Alix Partners. The banking institutions were advised by Gibson, Dunn & Crutcher LLP. The credit insurers were advised by Gide Loyrette Nouel AARPI, FTPA, CMS Francis Lefebvre Avocats, and Martin Gmbh Für Umwelt-Und Energietechnik by TAJ. The French State was advised by Bird & Bird. Equitis acted as trustee. Frédéric Abitbol, judicial administrator of SCP Abitbol & Rousselet, acted as conciliator for CNIM Groupe and its subsidiaries.

1 The details of the different focuses and other measures are indicated in the press release dated 30 July 2021 "CNIM Groupe adapts the terms of its financial restructuring and finalizes the sale of its O&M business in France and Azerbaijan to the Paprec Group".

1/2

About CNIM Groupe

Founded in 1856, CNIM is a French equipment manufacturer and industrial contractor operating on a worldwide basis. The Group provides its products and services to major public and private sector organizations, local authorities and national governments in Environment, Energy, Defense, and High Technology markets. Technological innovation is at the core of equipment and services designed and manufactured by the Group. They contribute to produce cleaner and more competitive energy, to limit environmental impacts of industrial activities, to secure sensitive facilities and infrastructures, and to protect individuals and nation states. CNIM is listed on the Euronext exchange in Paris. It relies on a stable family-based majority shareholding structure. The Group employs 2,706 people and had revenues of €632.9 million in 2020, 47.8% of which was from exports.

www.cnim.com

Press contacts

Agence Gen-G

CNIM

laurence.colin@gen-g.com

isabelle.grange@cnim.com

tel : +33 (0)6 49 75 47 11

tel : + 33 (0)6 43 54 32 41

2/2

Disclaimer

CNIM - Constructions Industrielles de la Méditerranée SA published this content on 21 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 October 2021 19:53:01 UTC.


ę Publicnow 2021
All news about CNIM GROUPE
11/24CNIM GROUPE : Industrial Systems joins La French Fab!
PU
11/18CNIM GROUPE : will present its new Digital Twin platform dedicated to improving the perfor..
PU
11/18CNIM GROUPE : participates in the 14th Energy-from-Waste Conference - 1-2 December 2021 - ..
PU
11/14CNIM GROUPE : Group enters into exclusive negotiations with FCDE for the sale of its subsi..
PU
11/14CNIM in Talks to Exit Bertin Technologies Unit
CI
11/03Meet CNIM on WNE 2021
PU
10/31Quarterly information - Q3 2021
PU
10/21CNIM GROUPE : finalises its financial restructuring
PU
09/28CNIM GROUPE : Financial report for the six-month period ended June 30, 2021
PU
09/27CNIM GROUPE : Participation of CNIM in ISWA 2021 - 4-7 October 2021 - Athens (Greece)
PU
More news
Financials
Sales 2020 653 M 739 M 739 M
Net income 2020 -131 M -148 M -148 M
Net Debt 2020 144 M 163 M 163 M
P/E ratio 2020 -0,31x
Yield 2020 -
Capitalization 29,4 M 33,3 M 33,3 M
EV / Sales 2019 0,32x
EV / Sales 2020 0,28x
Nbr of Employees -
Free-Float 19,5%
Chart CNIM GROUPE
Duration : Period :
CNIM Groupe Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CNIM GROUPE
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Managers and Directors
Nicolas Dmitrieff Chairman-Management Board
Louis-Roch Burgard Chief Executive Officer
Christophe Favrelle Group Chief Financial Officer
Herlicq Christiane Dmitrieff Chairman-Supervisory Board
Christophe Hamon Head-Information Systems
Sector and Competitors
1st jan.Capi. (M$)
CNIM GROUPE-28.87%33
WASTE MANAGEMENT, INC.38.62%68 382
REPUBLIC SERVICES, INC.40.21%42 814
TETRA TECH, INC.64.10%9 934
TOMRA SYSTEMS ASA40.23%9 629
GEM CO., LTD.59.66%8 352