Navya, a specialist in autonomous mobility systems, announced on Friday that the Lyon Commercial Court had placed it, at its request, in receivership.

The deadline for the submission of takeover offers to the receivership administrator has been set for February 21, and for the examination of these offers for March 7, the company states in a brief press release.

In the meantime, the company will continue to operate during the observation period, with regular press releases to be issued as the procedure progresses.

Navya applied last week for the opening of receivership proceedings, following a declaration of cessation of payments, as it no longer considered itself in a position to finance itself and cover its cash requirements.

The suspension of Navya's share listing, effective since January 25, remains in place. The company had warned last week that the suspension of its shares might never resume.

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