Final closing of NEVS deal, delayed…
August 1, 2012 in News
Yesterday was the deadline for when the closing of the purchase of Saab Automobiles assets by National Electric Vehicle Sweden AB was supposed to come to a closing. This did not happen as some issues surrounding things in the deal have not been completed. Mikael Östlund, press-manager at NEVS tells TTELA that the closing of the purchase is delayed for a month, perhaps more but it will be completed this summer and that NEVS will get back to the public once the papers have been signed and not before.
We heard already on the day of the announcement of NEVS purchase of Saabs assets that there was an enormous amount of work left to be completed before the final take-over. NEVS have come to an agreement with Hemfosa which holds the key to the properties and the payment to Hemfosa will take place at the same time as the payment to the bankruptcy-administrators.
Clearly a deal like this is not done at the push of a button, as we’ve learned over the years, important business-agreements take time, lots of time to develop so that not mistakes are made.
As always, we wait and see! =)