French electrolyser OEM McPhy seeks buyer under court supervision
Struggling French hydrogen electrolyser firm McPhy Energy has entered judicial reorganisation in an attempt to delay liquidation and secure a buyer or a viable restructuring plan.
During the conciliation process, which has now concluded, McPhy launched a call for takeover bids. While no binding offers were submitted by the initial deadline, a European industrial player has shown interest in acquiring certain assets and activities.
A new deadline of June 13 has been set for interested parties to submit offers for all or parts of McPhy, with a court hearing scheduled for June 24 to review any submitted bids. The Belfort Commercial Court is overseeing its efforts to stay afloat and potentially restructure.
... to continue reading you must be subscribed
Subscribe Today
To gain access to this article and all our other content, you will need to subscribe to H2 View.
From the latest print editions, to 24/7 online access to exclusive interviews, authoritative columnists and the H2 View news archive, a subscription is the best way for you to stay up to date with developments in the hydrogen community.
