Sale of Les Abeilles

press releases
published on 06/04/2024 - 10:00

Econocom confirms its annual guidance and is in a position to achieve the external growth objectives of its 2024-2028 strategic plan, One econocom

Following on from the press releases published on 4 March and 3 April this year and after approval of the French authorities, Econocom has announced the finalization of the sale of its subsidiary Les Abeilles to the Boluda group. By joining the global leader in towage, Les Abeilles will benefit from substantial support for its future growth.

For Econocom, this sale is perfectly in line with its plan for disposing of non-strategic assets and will give the group the capacity to finance approximately half the external growth targets of its 2024-2028 strategic plan, One econocom. In the short term, it will substantially reduce the group’s financial debt, without affecting its 2024 revenue growth guidance.

Jean-Louis Bouchard, Chairman and CEO of Econocom Group, said: “I am delighted that we have finalised the sale of Abeilles to the Boluda group. This will give Les Abeilles’ employees the opportunity to join Europe’s leading towage firm. Meanwhile Econocom will continue, as previously announced, to
carry out targeted disposals, the proceeds of which will enable us to finance future external growth operations.”


Next publication: H1 2024 results, 24 July 2024 after close of trading



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