While one of our sources told us that the bid was rejected, sverigesradio.se reports that the receivers are indifferent towards Youngman’s bid.
P4 Väst can now reveal how the bankruptcy trustees for Saab have stipulated conditions which may stop a complete solution for the bankruptcy case, according to several sources.
– In practice, the trustees have set conditions which make it impossible to conduct a complete sale of Saab in one piece, according to a source with good insight into the process.
The Saab bankruptcy trustees have recieved lots of criticism since being appointed on dec 19, and now they are facing the worst criticism so far. Because in the beginning of this week, Youngman placed a bid on the company – a bid worth several billion kronor, and meaning production in Trollhättan. According to sources to Dagens Eko, it would mean Youngman needing to employ more than 1000 people.
But the trustees have been bordering on indifference towards the bid, according to a source.
– In practice, the trustees have set conditions which make it impossible to conduct a complete sale of Saab in one piece, according to another source with good insight into the process.
The conditions contain, among other things, that GM must approve of a deal, according to a source.
The trustees are said to encourage bidders to bid for parts of the company, rather than for the whole thing.
– The trustees have no intention of selling the company as a whole, but prefer a split-up. It is very surprising that they have made this choice, and totally impossible to understand, says a source.
The two main courses of action that the trustees are entertaining are said to be that either Geely, Volvo’s Chinese owner, start a development center in Trollhättan – or that Chinese BAIC, in cooperation with Panasonic, start producing electric cars. But neither of these two options mean as many jobs in the future.
– If you don’t sell the company as a whole entity, you risk losing thousands of jobs.
P4 Väst have tried to get hold of the trustees for a comment, without success.
While we got the rejection confirmed we have to be careful with those sources regarding the plans for Trollhättan as there are many rumors out there. We’ll keep you updated as soon as we get to know more.