Proposed sale by Econocom of its subsidiary EBC

Econocom entered into exclusive negotiations with investment company Chequers Capital with a view to selling its subsidiary EBC (Econocom Business Continuity), which comprises the  maintenance operations in France.

This business, which comprises around 440 people across 27 sites, generated revenues of around €86 million in 2019.

Econocom will consult with EBC’s employee representative bodies over the coming days to present the proposed sale to them, which forms part of its strategy of refocusing its operations announced and initiated in 2019.

The sale will then be submitted to the competition authorities for validation