France’s sovereign wealth fund FSI is also ready to team up with partners to help Doux, which sought protection from creditors on June 1, the newspaper said. Doux, which owes 140 million euros ($174 million) to Barclays, is seeking new lenders with the help of Lazard bankers, according to Journal du Dimanche.
Barclays said in a statement on June 1 that it was disappointed by Doux’s decision to seek protection from creditors as a rescue plan was being worked out. Proposed refinancing plans were short-term solutions that didn’t provide enough guaranties for the group, Doux said in a statement.
To contact the reporter on this story: Francois de Beaupuy in Paris at email@example.com.
To contact the editor responsible for this story: Benedikt Kammel at firstname.lastname@example.org.