Seqens concludes financial restructuring deal

French CDMO Seqens has reached an agreement in principle with all of its key stakeholders on the main terms of a comprehensive financial restructuring. This should be completed by the end of 2026, subject to the required procedural and legal approvals being received. No changes are envisaged that would impact employees.

CEO Pascal Villemagne (pictured) said: “This agreement in principle marks a decisive step forward for Seqens. It provides the group with a significantly stronger capital structure and the means to accelerate the execution of its strategic plan.”

Upon completion, the senior lenders will become the new shareholders, with Bpifrance keeping a minority stake. The company said that this “strengthened financial position and new shareholding” will afford it “improved flexibility and foundation to execute its strategic plan, continue investing in its industrial footprint, support innovation and maintain the highest standards of quality, reliability and customer service”.