IMPORTANT NEWS: National Electric Vehicle Sweden has agreed to buy the assets of Saab Automobile and the sale is expected to be finalized during the summer.

Thursday, March 15, 2012

Final bids expected by end of March

Swedish Radio P4 Väst reports that according to a letter sent from the Saab bankruptcy administrators to the interested parties, the deadline for finals bids on the Saab bankruptcy estate is within this month (March).

This would mean that we have the following time table:

February 27th: Deadline for indicative bids.
March 31st: Deadline for final bids.
April 30th: Deadline to reach a deal for the sale of the bankrupcy estate.

On a press briefing earlier this week, bankruptcy administrator Anne-Marie Pouteaux said that last week was spent evaluating indicative bids, answering questions from interested parties and assisting the parties in getting in touch with expertise like former Saab engineers, managers etc.

According to Pouteaux, several parties have visited or plan to visit the Trollhättan facilities.

The goal of the administrators is still to sell the bankruptcy estate as an entire entity.