Akwel

Nanterre Commercial Court’s Ruling Concerning the Novares Group

                                                                                                                                                  Thursday, 28 May 2020, 5:45pm

NANTERRE COMMERCIAL COURT’S RULING
CONCERNING THE NOVARES GROUP

AKWEL acknowledges the Nanterre Commercial Court’s ruling establishing a continuation plan for the NOVARES Group around its current shareholders, and expects the solution retained to ensure the sustainability of this significant operator in the French automotive industry.

An independent family group listed on the Euronext Paris Stock Exchange, Akwel is an automotive and HGV equipment and systems manufacturer specialising in fluid management and mechanisms, offering first-rate industrial and technological expertise in applying and processing materials (plastics, rubber, metal) and mechatronic integration. Operating in 20 countries across five continents, Akwel employs almost 12,000 people worldwide. Euronext Paris – B Compartment – ISIN : FR0000053027 – Reuters : AKW.PA – Bloomberg : AKW:FP

Contacts


AKWEL
Jean-Louis Thomasset – Vice-President of the Executive Board/Financial VP – Tel.: [phone]

EKNO – Press Relations
Jean-Marc Atlan - Christine Savoie –– [e-mail] – Tel.: [phone]

CALYPTUS – Investor Relations
Mathieu Calleux – Gregory Bosson – [e-mail] – Tel.: [phone]

Attachment

• 2020-05-28_AKWEL_Decision_TC_EN