VEOM Group: Judicial Liquidation Ordered, Shares to be Delisted from Euronext
The Montpellier Commercial Court has, by judgment dated April 20, 2026, ordered the conversion of the VEOM Group's judicial reorganization proceedings into judicial liquidation. This decision comes after reviewing a sole partial transfer plan in favor of the German company Loewe Technology, which will result in the delisting of the group's shares from the Euronext Growth market.
Judicial Liquidation of VEOM Group Initiated
On April 20, 2026, the Montpellier Commercial Court issued a judgment converting VEOM Group's judicial reorganization proceedings into judicial liquidation. The reorganization proceedings had been opened on March 9, 2026. The partial transfer plan reviewed during the hearing on April 16, 2026, was the only takeover offer received by the judicial administrator FHBX, represented by Master Jean-François Blanc. No continuation plan had been filed. The transfer plan to Loewe Technology, a German law company, allows for the retention of 4 out of 14 employees. No takeover offer was made for VEOM Group’s stake in its Belgian subsidiary Chacon.
Delisting of VEOM Group Shares from Euronext Growth
The liquidator will soon request the delisting of VEOM Group shares from the Euronext Growth market in Paris (ISIN code: FR0013530102). In the meantime, the trading of VEOM Group shares remains suspended and will not resume.
Significant Losses for Creditors and Investors
VEOM Group informs investors that the approval of the transfer plan will soon lead to the judicial liquidation of the Company. Given the level of liabilities, creditors will incur a very significant loss, potentially covering the entirety of their claims. Shareholders and bondholders will face a total loss of their investment.
