Eurasia Groupe Contests Judicial Reorganization Summons
Luxembourg-based creditor OPUS - Chartered Issuances S.A. has served summons on the real estate operator before the Paris Court of Economic Activities, invoking a pledge over a claim valued at 3,115,948 euros. The examination of the application has been adjourned to the hearing of October 28, 2026.
A Summons Based on a Pledge Notified in Late 2024
Eurasia Groupe indicated that it received, by act of judicial officer on April 13, 2026, a summons for the purposes of opening a judicial reorganization procedure and, alternatively, a judicial liquidation procedure.
According to the statement, OPUS is not a contracting party to the Company. The creditor invokes a pledge granted in its favor by the company Andamera Corp SAS, covering the rental claims held by the latter against Eurasia Groupe under industrial equipment lease agreements concluded in 2021. This pledge was notified to the Company on December 4, 2024.
OPUS values its claim at 3,115,948 euros. The creditor furthermore initiated, on January 5, 2026, before the same Court, a substantive action for payment concerning the same claim, which remains pending.
A Settlement Protocol and Suspension of Payments
The Company's debt to Andamera was subject, on June 12, 2025, as part of the conciliation procedure opened at the Company's request, to a settlement protocol providing for a payment schedule and the deposit of funds into an escrow account, with instructions to remit funds to OPUS as a priority.
The Company executed this schedule until October 2025. Following OPUS's termination of the escrow agreement on November 3, 2025, while both Andamera and OPUS each demanded payment in their favor, the Company suspended its payments in order to avoid exposure to double payment.
Eurasia Groupe strongly contests OPUS's application and has sought OPUS's condemnation to damages for abusive proceedings.
No Collective Procedure Opened to Date
Discussions are ongoing between the parties with a view to securing the settlement of amounts due under the protocol within a framework guaranteeing their discharge, particularly through escrow. The Company specified that no assurance can be given at this stage regarding their outcome.
Eurasia Groupe furthermore contested before the judge of execution the seizure measures practiced by Andamera, an instance adjourned to November 18, 2026.
As of the date of the statement, no collective procedure has been opened against the Company, which continues to operate normally. Eurasia Groupe concluded in May 2025 a settlement agreement with all of its financial creditors, planning an orderly program of asset disposals by December 31, 2027.
