financial and business news

Values ​​follow the Paris Stock Exchange tomorrow Wednesday June 24, 2020

AwoX has announced that it has received 4.4 million euros in financing lines from its banking partners in France and Belgium, as part of the financial support measures for companies implemented by the states in the face of the pandemic of Covid-19. In France, the smart home specialist has obtained 1.9 million loans from its banking pool and from Bpifrance, 90% guaranteed by the French State under a State Guaranteed Loan .

The property developer will publish (after market) its annual results.

The Lagardre group held this Tuesday, clarifying “that no decision to sell Lagardre Live Entertainment has been made, contrary to what has been reported by the press in recent days”. This group company produces many artists and has performance halls such as the Folies Bergre, the Casino de Paris, the Bataclan, the Arka Arna Bordeaux or the Arna du Pays d’Aix.

Olympique Lyonnais has announced that it has obtained a pre-agreement from its bank lenders and bondholders for the establishment and subscription of a PGE (State Guaranteed Loan) of 92.6 million euros, a 12-month maturity, after which a 15-year amortization option can be activated. The legal documentation is being drafted and could be signed in July, subject to the lifting of all the conditions precedent. The funds should be made available after closing.

The shareholders of Riber, who have expressed themselves by correspondence or by proxy, have adopted all the resolutions proposed by the Management Board of the Company, with the exception of the 19th resolution. It approved the allocation of the result for the 2019 financial year and the distribution of a sum deducted from the “issue premium” account of 0.03 euros per share. This distribution will be finalized on June 26, 2020 and paid for on June 30, 2020. It has also approved the transfer of the listing of Riber securities from Euronext Paris to Euronext Growth.

The SMCP Group has announced that it has contracted a loan of 140 million euros guaranteed by the French State (PGE) up to 90%, with a maturity of one year and an option to extend for up to 5 additional years. This operation brought together a banking pool of 12 banks (BNP Paribas, Crdit Agricole CIB, Crdit Agricole IDF, LCL, HSBC, Caisse dEpargne IDF, Commerzbank, Socit Gnrale, Arka Banque, Bank of America, Bred and Crdit du Nord). SMCP has undertaken not to pay dividends for the years 2020 and 2021.


Sogeclair aerospace SAS has announced, in the context of the health crisis, a job protection plan (PSE) project which would concern up to 245 people in France. Sogeclair points out that due to the Covid-19 crisis, the commercial aviation sector is experiencing strong turbulence for an estimated period of 3-5 years. Also, the group achieved nearly 40% of its turnover in 2019 in this segment, mainly through its European subsidiaries, Sogeclair aerospace France, Germany, Spain, United Kingdom for engineering.