Overview
- The company says it is seeking a buyer and has hired Rothschild to run the sale, with documents posted in a virtual data room for potential bidders.
- Fibre Excellence remains in a conciliation process meant to avoid court receivership and warns it may be insolvent by mid‑April without firm commitments.
- Management has filed an administrative complaint against the State to revise how biomass power from its mills is priced and claims a competitor received an illegal advantage.
- The firm says the €150 million support announced by the government has not been delivered as a formal offer and does not fix the electricity pricing formula it blames for more than €52 million in losses.
- Output is resuming after wood shortages, with the Tarascon mill back since mid‑March and the Saint‑Gaudens site preparing to restart at reduced capacity.