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France Offers €150 Million Rescue Plan for Fibre Excellence

The offer hinges on a capital commitment from the Indonesian owner.

Overview

  • Industry minister Sébastien Martin outlined a package split into two €75 million pillars.
  • Debt relief would combine carbon‑quota integration, interest write‑offs, and rescheduling of public and social debts over ten years.
  • A state guarantee would cover 50% of the company’s industrial investment program to support site modernization.
  • The government ruled out immediate changes to existing electricity contracts despite pressure from local stakeholders.
  • CIRI scheduled a 26 February review as talks continue, with a recent €9 million shareholder advance easing cash needs and a potential search for a new buyer not excluded.