12
Jul
Jul
Liquidation For The Carrere Group
Posted by
One of Gaul’s biggest TV producers, has been placed in liquidation.
The ruling was made by a French trade court Friday.
It comes after a last-gasp bid for Carrere by Luxembourg-based Omega Entertainment was rejected.
Omega was reportedly willing to pay around 50 million Euros ($63 million) for the Carrere Group, but wasn’t able to guarantee that sum in cash.
The French court’s decision was widely expected. An early victim of the credit crunch, of fast-paced expansion between 2000 and 2005 and the reluctance of its founder, Charles Carrere, to cede control, Carrere was placed in receivership in Dec. 2008.
The liquidation, which runs to Sept. 30, looks set to bring down the flag on bidding wars for some of Carrere’s plum assets.
These include Didier Brunner’s film-TV animation production powerhouse Les Armateurs, which snagged two Academy Award noms for "Triplets of Belleville" and one for "The Secret of Kells."
Another successful Carrere concern is Ego Prods, producer of broadcaster TF1’s "Une famille formidable" and the French redo of U.K. ITV’s "Doc Martin," also for TF1.
Top Gallic companies such as Lagardere Ent., Zodiak’s Marathon and TelFrance are all said to be in the running to purchase Carrere shingles.
Category : INSOLVENCY
- Bookmark :
- Digg
- del.icio.us
- Stumbleupon
- Redit it
Sorry, the comment form is closed at this time.
