Imerys: a breakthrough for North American talc

(CercleFinance.com) - Imerys reports that more than 90% of the plaintiffs who voted in favor of the reorganization plan for the North American talc entities proposed in their Chapter 11 proceedings have accepted it: the legally required approval threshold has therefore been reached.


The confirmation hearing of the plan before the competent Court is currently scheduled for the second quarter and, subject to this confirmation, the U.S. Federal District Court will then also have to review and approve the decision rendered.

The provision made in Imerys' consolidated accounts is deemed adequate to cover the financial consequences of this plan and the resolution of historical liabilities related to the Group's talc activity in the United States, it adds.


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