Groupe Gascogne raises 20.9 million euros for its industrial project

Groupe Gascogne announces the success of its capital increase, reaching 20.9 million euros. This operation will notably allow the financing of a new paper machine on the Mimizan site. The project, estimated at 21 million euros, already benefits from an advance of 10 million euros converted into capital. The new machine will replace three of the four current machines, increasing the efficiency and sustainability of production.

This financing will also be used to build a building to house the machine, as well as a logistics space for new equipment. The transaction, with preferential subscription rights maintained, sees Attis 2 acquire a significant share of the newly issued shares, thus changing the distribution of the shareholding.