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Negotiation with interested party for the Saab take over still not yet started despite many bids
Tuesday, 06 March 2012
administrator looking after the assets of the Swedish automaker, Saab
says no negotiations have even begun with some of those who want to bid
on the whole of Saab. However, the estate is selling the smallest
“We sell all
the time different types of assets that do not relate to what we call
the whole solution,” says liquidator Hans Bergqvist at a press
conference by telephone.
administrators do not provide any details on any bid made and for the
big picture, but has previously said that no bids have yet covered the
otherwise, then the company would not have been declared bankrupt, says
Anne-Marie Pouteux, also a bankruptcy administrator.
Still, there are still more bids coming on for Saab despite the deadline for indicative bids set to have closed last Monday.
“We wanted an
indication of where the bids are and what they were interested. Now
we're in phase two of this process and the next indication we want is
an indication of the final bids,” said Hans Bergqvist.
company, Youngman had been a for runner to take over Saab for a long
time now but GM which still owns some rights in Saab insist not to sell
that rights to the Chinese. Infact, GM has been the main stumbling
block for the sale of this company to who ever wanted to have bough the
cash strapped automaker.
Today, bids continue to roll in.
By Scancomark.se Team
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