Liquidation possible
Source: Bloomberg News |
November 12, 2011, Saturday
|
Print Edition
Print Edition
SWEDISH Automobile NV, the Dutch owner of Saab Automobile, may liquidate even if it succeeds in selling the former General Motors Co brand, as the proceeds may not be enough to pay off creditors.
Swedish Automobile, which has tentative deals to dispose of Saab and its Spyker sports-car business, will consider "all of its options," including a voluntary liquidation should the deals pass, the Netherlands-based firm said yesterday.
The transactions would raise 132 million euros (US$181 million) and would be insufficient to cover the company's 136.5 million euros in debt, Swedish Automobile said.
Swedish Automobile, which has tentative deals to dispose of Saab and its Spyker sports-car business, will consider "all of its options," including a voluntary liquidation should the deals pass, the Netherlands-based firm said yesterday.
The transactions would raise 132 million euros (US$181 million) and would be insufficient to cover the company's 136.5 million euros in debt, Swedish Automobile said.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
