According to an article in TTELA today, sources told the newspaper that the bid placed by NEVS Consortium is worth 1,5 billion SEK, which is 3,1 billion less than Youngman’s bid, HOWEVER the big issue about Youngman for the administrators is Youngmans ability to to fulfill their payment obligations. As the administrators can be held personally accountable for choosing selecting a company not being able to fulfill its promises in terms of payment and obligations, its not surprising that the administrators are hesitant about Youngman. The administrators must at such do a lot of research into the companies abilities to pay, in order to justify their choice of buyer for Saab, its a story we’ve heard before called “fully funded business-plan”.
Youngman created somewhat of a bad reputation for itself by not being able to delivery money on time or at all, during their work with Saab Automobile’s last 6 months. This is now haunting them as the bankruptcy administrators question their payment abilities according to TTELA.
Regarding Mahindra, SU has now learned from two different sources that they “went silent” about 4 weeks ago and have more or less withdrawn from the process.
So this means or Youngman or NEVS will win the deal, it’s among two Chinese competitors.
SOURCE:
http://www.saabsunited.com/2012/05/nevs-bid-1-5-billion-sek.html
TURBOII030
The past week National Electric Vehicle Sweden has been reported to be the favorite to acquire Saab. According to one report from Svenska Dagbladet, the deal was ready to be signed last weekend but was delayed or stopped for unknown reasons. Sources say that it was the Swedish National Debt Office (NDO) which stopped the deal from being closed on Sunday. Back in 2010 when Saab took a SEK 2.2 billion loan in the European Investment Bank (EIB), the NDO guaranteed the loan and took the shares in Saab Automobile Parts as collateral. Shortly after Saab filed for bankruptcy in… Read more »
http://www.lifewithsaab.com/2012/06/sek-15-billion-vs-sek-4-billion.html SEK 1.5 billion VS SEK 4 billion In the right corner weighing in at SEK 4 billion, from China… Zhejiang Youngman Lotus Automobile! In the left corner weighing in at SEK 1.5 billion, National Electric Vehicle Sweden! Let’s get ready to rumble! Today is the first day of June and we still have no word on a deal to sell the Saab bankruptcy estate. Earlier this week it looked like the electric car consortium, through its newly registered Swedish company National Electric Vehicle Sweden, would be the new owner of Saab. Reports say that NEVS is still the favorite,… Read more »
China to lend €1 billion to Swedish firms Chinese state-controlled news source People Daily said that the Chinese government has signed an agreement with Sweden to provide loans worth 1 billion euros ($1.25 billion) to small- and medium-sized enterprises (SMEs) in the country, a step that analysts believe will offer win-win cooperation. “Sweden’s economy is performing better than some other European economies, so the financial risks will be fewer for the CDB in offering loans to the country,” Wang Tianlong, an associate researcher at the Consulting Research Department of China Center for International Economic Exchanges, a government think tank, told… Read more »
A post from an Indian Saab driver seems it definitive that Mahindra has given up bidding on Saab: finally it is confirm that mahindra is not interested to increase the bid .it had done all the acquisitions with the help of Kotak Mahindra Bank in which mahindra own minorty stake .with the help of kotak it had acquried SsangYong Motor Company , Jiangling Tractors of china ,Gippsland Aeronautics of australia why it is not interested in increasing the bid? i think paying high amount for saab assets is worthless because it require huge money for purchasing the brand has also… Read more »
青年莲花绝地反击 报价40亿克朗收购萨博
在新报价方案中，青年意欲收购的范围包括萨博汽车、萨博动力总成、萨博工具和萨博汽车零部件。其中萨博汽车零部件目前归萨博最大债主瑞典国家债务办公室NDO（National Debt Office）所有。
盖世汽车网2012年5月31日报道 据瑞典《工业日报》（Dagens Industri）5月30日报道，之前被传退出竞购萨博，中国青年莲花又提出新报价方案，金额高达40亿瑞典克朗，并且新方案在资金形式上更符合瑞典方面要求。
《工业日报》解释称，青年莲花之所以一度退出竞购，其中原因之一在于：无法在一家独立的欧洲银行账户中以“现金”形式向招标方展示投标资金。此次青年修改了投标方案，资金可在欧洲银行中“呈现”，从而避免了旧方案招致的压力。新方案总额超过40亿瑞典克朗（约5.5亿美元），高于旧方案的32亿瑞典克朗，其中22亿用于收购零部件公司。
在新报价方案中，青年意欲收购的范围包括萨博汽车（Saab Automobile）、萨博动力总成（Saab Powertrain）、萨博工具（Saab Tools）和萨博汽车零部件（Saab Automobile Parts）。其中萨博汽车零部件目前归萨博最大债主瑞典国家债务办公室NDO（National Debt Office）所有。
当前被认为最具优势的买家中日电动车联盟未能顺利收购萨博，症结正是在于无意收购零部件公司，因而无法与NDO迅速达成一致。青年报价总额拥有优势，并且在收购范围上更容易获得NDO支持，从而获得有利地位。不过，有分析人士指出，青年尚未证明如何筹集相关资金。
招标方曾向《工业日报》表示5月31日最终结果将水落石出。尽管存在较大变数，不过《工业日报》预测31日萨博破产管理人将公布有关协商结果的部分信息。