Mare Nostrum: Draft continuation plan finalized

On May 30, 2025, Mare Nostrum announced the finalization of its draft continuation plan, which will be filed with the Grenoble Commercial Court. This plan, intended for creditors, is a key step in the ongoing proceedings.

The continuation plan aims to refocus the group on its core business by simplifying its organization and divesting certain assets. Cost savings and streamlining are also planned to improve profitability.

Creditors, grouped into classes of affected parties, will vote on this plan in June 2025. Repayment of debts will take place over a period ranging from three to ten years, depending on the type of debt.

Experts have indicated that this plan is in the best interest of all stakeholders. Mare Nostrum will provide information on the timeline, with a hearing scheduled for July 2025.