(Alliance News) - Aeffe Spa announced on Tuesday that activities related to its negotiated crisis settlement and the M&A process initiated for the group's turnaround are ongoing.
The company has selected Oxy Capital as the party that submitted an offer deemed potentially suitable to facilitate a successful restructuring. The offer, formulated by Oxy as the lead of an industrial and financial consortium still being finalized, remains preliminary and non-binding.
The proposed transaction involves the sale of nearly all Aeffe Group assets to one or more entities linked to the bidding consortium, in exchange for the assumption of the group's entire debt through a restructuring agreement. Upon completion of the deal, Aeffe would be substantially devoid of assets and cleared of its liabilities.
According to the indicated timeline, a binding offer could arrive in the first half of June, with the objective of submitting the plan to creditors and obtaining court approval by October. The completion of the sale is expected by the end of the 2026 financial year.
The company has also requested an extension of the CNC procedure and protective measures until October 5 and is working on a corporate finance transaction to be completed in June.
By Antonio Di Giorgio, Alliance News reporter
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