The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Financial Services Financial And Insurance Activities Insurance, Reinsurance And Pension Funding, Except Compulsory Social Security 65 - Insurance, reinsurance and pension funding, except compulsory social security
160 jobs Number of planned job losses
Announcement Date
28 September 2018
Employment effect (start)
1 October 2018
Foreseen end date
31 October 2018
Description
The Commercial Court of Paris has pronounced the liquidation of Alliage Assurances (ex-SFS France) which was placed in receivership since August. The 160 employees will be dismissed. SFS France was bought for one euro symbolically in June 2018 by Bolero Participations, then it was renamed Alliage Assurances. As there were no potential buyers and without the payment of €5 million promised by Bolero Participations to pay the salaries of recent months, the Commercial Court of Paris has ended the slow winding down of the company.
Sources
Citation
Eurofound (2018), Alliage Assurances, Bankruptcy in France, factsheet number 95553, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/95553.
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