SNCM:PDG of Veolia wants "the protection of the court," not "filing for bankruptcy" :
PDG of Veolia Environnement , Antoine Frérot , defended Monday
recourse to " the protection of the court " trade Marseille for the
shipping company in difficulty SNCM , emphasizing not defending the "
bankruptcy " last week .
Frérot assured , the antenna BFM Business , want not " absolutely not " the bankruptcy filing , " I want SNCM put under the protection of the Commercial Court ."
"For SNCM to live , we must find a viable and sustainable level. Today, the company is not viable because of Brussels fines of EUR 440 million , which one day or another will be enforceable , " he has said.
" For the business to be viable , it must find a way to put away these fines from Brussels. For this there are not 36 solutions , in all cases we found that c ' is put under the protection of the commercial court , " defended Frérot .
Thursday, Veolia boss had asked turning the "protection" of the court SNCM , adding quickly that it was not a cessation of payments and therefore a " bankruptcy " as some ' had originally understood.
" The Commercial Court , it does not mean filing for bankruptcy ," repeated Mr. Frérot Monday. " In fact the opposite is usually when you go to the commercial court is to avoid filing for bankruptcy , to put under the protection of the court to find a solution and use the time necessary," he pleaded .
But even the mere mention of an appeal to the Commercial Court - a decision that does not belong to M. The brother - had drawn criticism from the staff of the Corsica Continent shipping company, owned 66 % Transdev , a joint subsidiary of Veolia and Caisse des Dépôts (CDC).
The state, despite pressure from Brussels, " has indeed said he did not intend to report these claims SNCM and he sought other legal solutions," argued the direction.
" It is therefore , so far, no reason or economic or legal , which could constrain the direction of the company - only competent - to seek the protection of the Commercial Court of Marseille to file for bankruptcy or to implement some collective procedures that are " in the direction .
Track mentioned by Mr. Frérot Monday is that the court " find solutions to isolate the viable part of the business , and put it under another name ." " As long as there will be no lasting solution , we will not put money in SNCM " Has he said.
The record of the ferry company to 2,600 employees blocked the progressive output by Veolia Transdev . As part of the takeover of the subsidiary public transport by the CDC, the world leader in water and waste originally destined to live 66 % of the capital SNCM but was abandoned because of claims of Brussels.
Frérot assured , the antenna BFM Business , want not " absolutely not " the bankruptcy filing , " I want SNCM put under the protection of the Commercial Court ."
"For SNCM to live , we must find a viable and sustainable level. Today, the company is not viable because of Brussels fines of EUR 440 million , which one day or another will be enforceable , " he has said.
" For the business to be viable , it must find a way to put away these fines from Brussels. For this there are not 36 solutions , in all cases we found that c ' is put under the protection of the commercial court , " defended Frérot .
Thursday, Veolia boss had asked turning the "protection" of the court SNCM , adding quickly that it was not a cessation of payments and therefore a " bankruptcy " as some ' had originally understood.
" The Commercial Court , it does not mean filing for bankruptcy ," repeated Mr. Frérot Monday. " In fact the opposite is usually when you go to the commercial court is to avoid filing for bankruptcy , to put under the protection of the court to find a solution and use the time necessary," he pleaded .
But even the mere mention of an appeal to the Commercial Court - a decision that does not belong to M. The brother - had drawn criticism from the staff of the Corsica Continent shipping company, owned 66 % Transdev , a joint subsidiary of Veolia and Caisse des Dépôts (CDC).
The state, despite pressure from Brussels, " has indeed said he did not intend to report these claims SNCM and he sought other legal solutions," argued the direction.
" It is therefore , so far, no reason or economic or legal , which could constrain the direction of the company - only competent - to seek the protection of the Commercial Court of Marseille to file for bankruptcy or to implement some collective procedures that are " in the direction .
Track mentioned by Mr. Frérot Monday is that the court " find solutions to isolate the viable part of the business , and put it under another name ." " As long as there will be no lasting solution , we will not put money in SNCM " Has he said.
The record of the ferry company to 2,600 employees blocked the progressive output by Veolia Transdev . As part of the takeover of the subsidiary public transport by the CDC, the world leader in water and waste originally destined to live 66 % of the capital SNCM but was abandoned because of claims of Brussels.
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