Youngman in Sweden
January 30, 2012 in News
According to P4 West a delegation from Youngman is arriving in Sweden with a goal, to place a bid for Saab.
It’s been one and a half month since the Saab CEO Victor Muller stepped into the district court of Vänersborg and filed for the bankruptcy of Saab. And now, more than ever, the picture of potential buyers is becoming more and more clear.
According to the administrators, four, perhaps five are serious buyers and wants to buy the whole lot.
Among these, three have marked their interested publicly. Chinese Youngman, Turkish Brightwell Holdings and Manhindra from India. In addition to these there are also Swedish parties interested but who they are remains unclear.
Today staff from the management of Youngman will arrive in Stockholm, with a goal to place a bid for Saab during their stay.
Turkish Brightwell are also ready to place a bid as soon as the administrators are able to receive it. Mahindra have remained in Trollhättan and Sweden to try to catch up with the lead that Youngman currently has. The struggle is tough according to a source with great insight.
- It will be very exiting to see who in the end will be able to buy the remains of Saab.
But there is a big issue, it is still very unclear if the remains of Saab will be sold as one whole entity, the big issue is time or to be more correct, money. For every day that passes Saab is drained of more money and if the bankruptcy administrators are unable to find a complete solution before they run out of money, bits and pieces need to be sold off.
- We are in discussions with different parties and we hope that we’ll get a solution within the next couple of weeks. We are forced to do this considering the financial situation we are currently in Hans Bergqvist, one of the administrators told the news agency TT this weekend.
Original article here: http://sverigesradio.se/sida/gruppsida.aspx?programid=125&grupp=12994&artikel=4936937