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Liquidation ≠ capital expansion

The Glazial Group responds to erroneous reports claiming that this company is in the “process of liquidation”.

Admittedly, during the past year, Glazial has gone through a slimming restructuring process. In the course of this, a series of subsidiaries and departments were sold off, lastly our AI department.

The goal of these divestitures was to raise capital in order to make new acquisitions, preparing our next expansion cycle. The Glazial Group is thus completely aligned with its long term strategy.

Glazial’s CEO Laurent Oprescu is already engaged in several M&A negotiations with new companies, which will be announced in due time.

 

Jul 19, 2014