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The fate of the French Cityscoot about to be sealed

2024-02-20T06:21:52.049Z

Highlights: The fate of the French Cityscoot about to be sealed. The Paris commercial court rules on Wednesday on the takeover offer presented by the Spanish Cooltra. According to the latest known figures, in 2019, it lost 12.6 million euros for sales of 21.9 million. “We should have started making money in 2020. But there was the pandemic,” sighs Bertrand Fleurose… This article is reserved for subscribers. You have 83% left to discover. Flash sale -70% on digital subscription I ENJOY IT Already subscribed? Log in.


The Paris commercial court rules on Wednesday on the takeover offer presented by the Spanish Cooltra.


These days, you can still rent Cityscoot scooters in the streets of Paris and neighboring towns (Issy-les-Moulineaux, Boulogne, Malakoff, etc.).

However, the survival of this French specialist in self-service scooters hangs by a thread.

Wednesday February 21, in the middle of the afternoon, the commercial court will deliver its verdict: either it will accept the offer of takeover of the company by the Spanish Cooltra, or the judge will purely and simply pronounce the liquidation of this French company which still employs 150 people.

If Cityscoot finds itself in such a desperate situation, it is because its historic shareholders, the Caisse des Dépôts and the RATP, have tired of bailing out the operator, which, since its creation in 1994, has always been in the red .

According to the latest known figures, in 2019, it lost 12.6 million euros for sales of 21.9 million.

“We should have started making money in 2020. But there was the pandemic

,” sighs Bertrand Fleurose…

This article is reserved for subscribers.

You have 83% left to discover.

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-70% on digital subscription

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Source: lefigaro

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