Last Friday we got to know a bit about Youngman’s meeting with the receivers. As Johan Nylén, the lawyer they are working with, told ttela.se over the weekend that those meetings were “very positive”. Again, he confirmed that Youngman has the nessesary funding in place – something that I’d expect from any party that has reached this stage of the process.
Over this week there will most likely be meetings with other parties who seriously showed their interest in buying the complete Saab package. There has been a number of 6-7 parties mentioned so with Brightwell backing out we should be at five still in the process. Not much has surfaced on who those parties are. I’d expect Mahindra & Mahindra and that consortium containing the car manufacturer from Europe to be still there. Others that have been mentioned were BAIC and some Swedish consortium.
It has been said that the indicative bids already showed how eager the respective party is to acquire Saab. Youngman have put something on the table that does not look too low, at least from our view. I has to be seen if anything will surface from other parties during the week but I tend to doubt it. Mahindra will stay by their style of keeping the head down and work. For that european car manufacturer – they did not even disclose their identity so I don’t really expect them to send us a copy of their bid now.
So – again – we lean back and enjoy the ride. Grab your last bit of patience and use it. It has been said that the receivers have a goal to get this done by the end of March so let’s hope they can work it out by then.