From Dagens Industri: Chinese Youngman are pushing to speed up negotiations for a purchase of all of Saab Automobile. But the bankruptcy administrators are hitting the brakes. At the same time Hemfosa (how owns a large part of saabs buildings) have stopped Semcon’s attempts to buy technology and equipment.
“If there is a party interested and willing to act and place a bid for the whole of Saab, including factory, the administrators needs to sit down ad talk with them”, say Fredrik Sidahl, CEO for FKG.
He strongly criticizes the administrators actions, which includes declining an invitation to travel to China to discuss a bid from Youngman and to hear them out about their plans.
Lars Holmqvist, CEO for the supplier organization CLEPA is very upset that the administrators are not considering the suppliers.
- The bankruptcy owes the suppliers 1,4 billion SEK (€170 million).
He further emphasizes that it is Youngman, who are the only company able to place a bid within the next couple of weeks. For the others the process will take months. At the same time Saab’s accounts need to get further funds very soon in order for the process to continue.
The technology company Semcon has shown interest to buy assets that the company uses for development within Saab. One condition is that Semcon are being allowed to rent the space in which the equipment is located. But the real-estate company Hemfosa who owns a larger part of the factory have refused. Since they want to be able to utilized the whole factory freely.
