FRANCE — The judicial restructuring of Fibre Excellence, France’s sole domestic producer of commercial market pulp, has reached a critical stage following a series of decisive rulings by the Toulouse Commercial Court. The court formally rejected the only comprehensive takeover offer for the group, submitted by French financier Matthieu Pigasse. …Following the rejection of the group-wide acquisition plan, the court issued separate rulings concerning Fibre Excellence’s two pulp mills, resulting in contrasting outcomes for the company’s production sites. …Judicial Liquidation of Fibre Excellence Provence (Tarascon) – the court ordered the judicial liquidation of Fibre Excellence Provence, which operates the Tarascon pulp mill in the Bouches-du-Rhône region, along with its green energy subsidiary Biowatt SAS. …In contrast, the Saint-Gaudens pulp mill in Haute-Garonne has received a temporary extension after a late-stage expression of interest emerged from Soprema, a French multinational specializing in waterproofing, insulation, and sustainable building solutions.