Metaleurop, a Paris-based lead and zinc producer, said it has failed to reach a deal with its creditors.
The company’s inability to find an agreement with creditors was due to uncertainty about the company’s ability as a going concern.
Early this year the group opted to close its Northern Metaleurop subsidiary due to financial difficulties. The company ended up liquidating the operation in March.
In the meantime, the company reportedly owes around 40 million euros (around $46 million).
The company operates a number of facilities that produce zinc, lead, and specialty metals.
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