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19-03--2019
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Agreement signed for the takeover of Adveo France! Almost six weeks after the announcement of an offer by Sandton capital partners, a communiqué published on the evening of February 25, 2019 confirms the takeover of the subsidiaries France, Belgium and the Netherlands of Adveo by the American Investment Fund. The transaction amounts to 5.5 million euros. Adveo Spain, Portugal, Italy and Germany are not affected by this operation, nor the parent company Adveo group. The agreement signed between Sandton and the creditors of Adveo provides, inter alia, for the sale to banks of the Group's real estate assets estimated at 40 million euros. The remaining financial debt (approximately EUR 150 million) is fully taken over by Sandton, which waives the possibility of claiming it from non-reconvened companies. This agreement triggers the implementation of a 5 million euro relay loan to enable France, Belgium and the Netherlands to strengthen their liquidity rapidly. Moreover, the directors of Adveo Group received an offer for the Italian subsidiary from GDN SpA (which owns the company Office distribution), which would maintain the production tool, jobs and commercial relations in the territory Transalpine. The transaction would reach 3 million euros and should be formalised within two weeks. These two transactions are still subject to the authorization of the commercial court examining the insolvency file of Adveo. A request for withdrawal of the French and Belgian entities from the insolvency proceedings of the Group has already been initiated. Le Papetier / France
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A quarter of Brits purchased counterfeit goods in 2018 Although counterfeiting is not new, the sale of ‘fake’ goods is increasing, which is unsurprising given the digital age in which we live in, whereby image is everything. With a growing desire for high-end goods at a fraction of the price, from clothing to electrical goods and everything in between, knowing what is real and what is fake is becoming much harder to differentiate. Channel info / Great Brittain
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A quarter of Brits purchased counterfeit goods in 2018 Although counterfeiting is not new, the sale of ‘fake’ goods is increasing, which is unsurprising given the digital age in which we live in, whereby image is everything. With a growing desire for high-end goods at a fraction of the price, from clothing to electrical goods and everything in between, knowing what is real and what is fake is becoming much harder to differentiate. Channel info / Great Brittain