French general cargo market loses second largest player

MoryGlobal filed its books on 6 February and a few days later a judicial administrator was appointed. The company had been given a three-month grace period (extendable to six months) to find a buyer during that time. However, that did not want to go smoothly. Eight bids were received, all for smaller parts of the company. The best offer secured the takeover of barely 126 employees, out of the current 2,200. Before MoryGlobal – then called Mory Ducros – fell into a sucker punch, it still employed 5,200 people. The administrator is therefore already throwing in the towel.