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PRESS RELEASE FROM ALAIN BREAU - 4th december 2007
In close agreement with its financial partners Bridgepoint and Barclays, Mory Group CEO, Alain Bréau, has decided to strengthen the financial resources of its main subsidiary, Mory Team, through a capital increase of 30 million euros, and the integration of dedicated distribution services, which were previously handled by other entities of the group.
This very important financial operation shows the desire of all Mory Group shareholders to support the group’s national activity to carry on its very active business development and its growth strategy.
With a global turnover in excess of 550 million euros, Mory Team is France’s leading national integrated parcel and groupage delivery network, operating 75 sites and employing over 3,700 people.
Mory Group, whose size doubled between 1999 and 2007 and which now operates in 15 countries, expects its subsidiary to increase its turnover by 8% and profit by 1% in 2008.
This very important financial operation shows the desire of all Mory Group shareholders to support the group’s national activity to carry on its very active business development and its growth strategy.
With a global turnover in excess of 550 million euros, Mory Team is France’s leading national integrated parcel and groupage delivery network, operating 75 sites and employing over 3,700 people.
Mory Group, whose size doubled between 1999 and 2007 and which now operates in 15 countries, expects its subsidiary to increase its turnover by 8% and profit by 1% in 2008.