Cosfibel Group will increase its capital by 5.7 million euros by December 31 “in order to pursue its development and cope with the economic crisis,” said the company in a release.
On this occasion, two new shareholders, Mr. Jacques Berrebi and Mr. Jacques Espinasse, will bring cash to the group. Eventually, the new shareholders will get more than 10% of the capital.
Cosfibel founder, Alain Chevassus (58% of the capital) will remain Executive President of the group.
Members of Cosfibel’s Board and Managing Committee remain unchanged: Ilan Schinazi, as General Manager, Stanilas Perronnet as Operations Manager, and Natali Spasenic as Administration and Finance Manager.