As stated in the press release on 4 March 2024, Econocom entered into exclusive negotiations with the Spanish towage and shipping group Boluda with a view to selling 100% of its shares in the firm Les Abeilles to this group. Following these negotiations, Econocom has announced that all the works councils of the companies concerned by the sale have now given a favourable opinion on the transaction.
This approval confirms the project’s legitimacy for the firm Les Abeilles, which will now enjoy support from a global leader in towage – already widely present in France – to help it grow in the future.
The approval also made it possible for Econocom and Boluda to yesterday evening finalise and sign the agreements, which remain nonetheless subject to the condition precedents that usually apply to this type of transaction, including approval from French authorities. Econocom has underlined its aim to complete the transaction by the end of the second quarter of 2024, as stated in its strategic plan ‘One Econocom’ that it announced in November 2023.
Next publication: Q1 2024 revenue on 18 April 2024 after market close.