Conforama: But offer could be submitted soon

22.06.2020 − 

The trade unions of French furniture retail chain Conforama meanwhile prefer a takeover by competitor But International to a state-guaranteed loan. This is the message conveyed in various French media reports, following a meeting at the French Ministry of Economy on 5 June According to Abdelaziz Boucherit, representative of the CGT trade union, all parties involved are currently working towards a takeover by But. Details still need to be clarified. An offer to this effect is anticipated over the next few weeks. According to the trade unions CGT, FO, CFDT and CFE-CGC which are involved in the issue, Conforama management confirms that negotiations are currently being conducted with But, and may possibly be concluded within the next two to three weeks.

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