{"id":6991,"date":"2019-09-27T08:32:14","date_gmt":"2019-09-27T07:32:14","guid":{"rendered":"https:\/\/backup.altanalaw.com\/?p=6991"},"modified":"2019-10-22T11:38:16","modified_gmt":"2019-10-22T10:38:16","slug":"altana-accompagne-le-groupe-millet-dans-lacquisition-des-actifs-de-titagarh-wagons-afr","status":"publish","type":"post","link":"https:\/\/backup.altanalaw.com\/en\/medias\/altana-accompagne-le-groupe-millet-dans-lacquisition-des-actifs-de-titagarh-wagons-afr","title":{"rendered":"Altana assists the MILLET Group in the acquistion of the assets of TITAGARH WAGONS AFR"},"content":{"rendered":"<p><strong>Altana advised the MILLET Group in its offer to acquire the assets of TITAGARH WAGONS AFR, the last French manufacturer of freight wagons.<\/strong><\/p>\n<p><strong>Faced with cash flow constraints, and despite solid orders, TITAGARH WAGONS AFR applied in June 2019 for judicial proceedings, following which the Paris Commercial Court approved the offer presented by the MILLET Group, allowing 109 jobs, or 93.1% of the workforce, to be maintained and the industrial site located in the heart of Douai (Nord) to be taken over.<\/strong><\/p>\n<p><strong>The Paris Commercial Court has thus retained the skills and expertise of the MILLET Group, a family business founded in 1898, which generates 76 million euros in turnover (53% of which is outside of France) and employs 237 people.<\/strong><\/p>\n<p><strong>Created in 1985, TITAGARH WAGONS AFR, the last French manufacturer of freight wagons (cereal, oil, cement), was taken over in 2010 by the Indian group TITAGARH, India&#8217;s leading rail manufacturer, as part of a sale plan.<\/strong><\/p>\n<p><strong>This takeover restores the company&#8217;s historical know-how, renamed MILLET AFR, in an economic context of strong rail freight renewal.<\/strong> The objective is to achieve a production of 400 grain and oil wagons per year.<\/p>\n<p>The MILLET Group is advised by Altana&#8217;s cross-functional team composed of Mana Rassouli (Partner), Margaux Chaumien (Associate) on restructuring aspects, and Pierre Lubet (Partner) on labour law aspects.<\/p>\n<p>This operation once again demonstrates the expertise of Altana&#8217;s teams in providing strategic support to its clients in all their operations.<\/p>\n<p><strong>Press contact:<\/strong><\/p>\n<p>Dominique Gillet: <a href=\"mailto:dgillet@altanalaw.com\">dgillet@altanalaw.com<\/a>\u00a0&#8211; 33 (0)1 85 60 60 90 01\/ 06 79 89 10 29<br \/>\nLouise Henry: <a href=\"mailto:louise.henry@lesroismages.fr\">louise.henry@lesroismages.fr<\/a> &#8211; +33 1 41 10 08 03 \/ 06 84 34 34 55 35<\/p>","protected":false},"excerpt":{"rendered":"<p>Altana advised the MILLET Group in its offer to acquire the assets of TITAGARH WAGONS AFR, the last French manufacturer of freight wagons. Faced with cash flow constraints, and despite solid orders, TITAGARH WAGONS AFR applied in June 2019 for judicial proceedings, following which the Paris Commercial Court approved the offer presented by the MILLET [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6991","post","type-post","status-publish","format-standard","hentry","category-medias","expertise-droit-societes-fusions-acquisitions","expertise-restructuring"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Altana assists the MILLET Group in the acquistion of the assets of TITAGARH WAGONS AFR - Advant Altana<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"[:fr]Altana accompagne le Groupe MILLET dans l\u2019acquisition des actifs de TITAGARH WAGONS AFR[:en]Altana assists the MILLET Group in the acquistion of the assets of TITAGARH WAGONS AFR[:] - Advant Altana\" \/>\n<meta property=\"og:description\" content=\"Altana advised the MILLET Group in its offer to acquire the assets of TITAGARH WAGONS AFR, the last French manufacturer of freight wagons. Faced with cash flow constraints, and despite solid orders, TITAGARH WAGONS AFR applied in June 2019 for judicial proceedings, following which the Paris Commercial Court approved the offer presented by the MILLET [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/backup.altanalaw.com\/medias\/altana-accompagne-le-groupe-millet-dans-lacquisition-des-actifs-de-titagarh-wagons-afr\" \/>\n<meta property=\"og:site_name\" content=\"Advant Altana\" \/>\n<meta property=\"article:published_time\" content=\"2019-09-27T07:32:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-10-22T10:38:16+00:00\" \/>\n<meta name=\"author\" content=\"Altana Communication\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Altana Communication\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/backup.altanalaw.com\/medias\/altana-accompagne-le-groupe-millet-dans-lacquisition-des-actifs-de-titagarh-wagons-afr\",\"url\":\"https:\/\/backup.altanalaw.com\/medias\/altana-accompagne-le-groupe-millet-dans-lacquisition-des-actifs-de-titagarh-wagons-afr\",\"name\":\"[:fr]Altana accompagne le Groupe MILLET dans l\u2019acquisition des actifs de TITAGARH WAGONS AFR[:en]Altana assists the MILLET Group in the acquistion of the assets of TITAGARH WAGONS AFR[:] - Advant Altana\",\"isPartOf\":{\"@id\":\"https:\/\/backup.altanalaw.com\/#website\"},\"datePublished\":\"2019-09-27T07:32:14+00:00\",\"dateModified\":\"2019-10-22T10:38:16+00:00\",\"author\":{\"@id\":\"https:\/\/backup.altanalaw.com\/#\/schema\/person\/4bdb47072f79b38f30b44735a4377af6\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/backup.altanalaw.com\/medias\/altana-accompagne-le-groupe-millet-dans-lacquisition-des-actifs-de-titagarh-wagons-afr\"]}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/backup.altanalaw.com\/#website\",\"url\":\"https:\/\/backup.altanalaw.com\/\",\"name\":\"Advant Altana\",\"description\":\"Soci\u00e9t\u00e9 d&#039;avocats \u00e0 la Cour de Paris\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/backup.altanalaw.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/backup.altanalaw.com\/#\/schema\/person\/4bdb47072f79b38f30b44735a4377af6\",\"name\":\"Altana Communication\",\"url\":\"https:\/\/backup.altanalaw.com\/en\/author\/altanacomm\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"[:fr]Altana accompagne le Groupe MILLET dans l\u2019acquisition des actifs de TITAGARH WAGONS AFR[:en]Altana assists the MILLET Group in the acquistion of the assets of TITAGARH WAGONS AFR[:] - Advant Altana","robots":{"index":"noindex","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"en_US","og_type":"article","og_title":"[:fr]Altana accompagne le Groupe MILLET dans l\u2019acquisition des actifs de TITAGARH WAGONS AFR[:en]Altana assists the MILLET Group in the acquistion of the assets of TITAGARH WAGONS AFR[:] - Advant Altana","og_description":"Altana advised the MILLET Group in its offer to acquire the assets of TITAGARH WAGONS AFR, the last French manufacturer of freight wagons. 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