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Business aid: why Bercy opens the door to PGE abandonments

2022-10-25T17:39:01.814Z


INVESTIGATION - A handful of large companies manage to negotiate with banks and the state. Behind the scenes, companies have been parading in recent weeks in the corridors of Bercy in the hope of negotiating an abandonment of their state-guaranteed loan (PGE). In a gloomy macroeconomic context and with the end of "whatever the cost", the prospect of a surge in defaults is now pushing the executive to review its doctrine which consisted in not touching these claims held by the banks and


Behind the scenes, companies have been parading in recent weeks in the corridors of Bercy in the hope of negotiating an abandonment of their state-guaranteed loan (PGE).

In a gloomy macroeconomic context and with the end of "whatever the cost", the prospect of a surge in defaults is now pushing the executive to review its doctrine which consisted in not touching these claims held by the banks and massively guaranteed by the State.

"In the context of financial restructuring procedures, there may be cases of partial abandonment of PGE, in particular for files with significant financial and social stakes"

, concedes Bercy to

Figaro

.

Delicate files systematically pass through the Ciri (interministerial committee for industrial restructuring).

In the greatest secrecy, this cell of the Ministry of the Economy helps companies with more than 400 employees, before their financial difficulties force them to switch to a procedure…

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Source: lefigaro

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