Shares in Technicolor have been suspended from the French stock exchange ahead of a meeting of the company’s board of directors on Wednesday afternoon.
The troubled technology company said the board would review a proposal from an international institution to invest and take a minority stake.
Earlier this month, Technicolor CEO Frederic Rose confirmed he was in talks with a number of companies to take a stake in its loss-making set-top box business before the end of the year. He was adamant he was looking for a partner, rather than sell the business.
A further statement is expected later in the day.
