Griffine launches insolvency proceedings
Duroc's wholly owned subsidiary Griffine Enduction S.A. with operations in France, launches a "redressement judiciaire", a form of reconstruction process in accordance with French insolvency law. Write-downs of the total value of Griffine in the consolidated income statement have already been carried out in the previous quarter. For Duroc, the process means that a significant source of loss disappears and that the financial key figures are strengthened pro forma.As previously communicated, in the fall of 2022, Duroc decided to divest Griffine Enduction S.A, hereinafter "Griffine", which has