It promises to be an interesting week. Depending on the source, there are four or five serious buyers who are in contact with the bankruptcy trustees. They want to take Saab in the complete package. So far only four prospective buyers are known to us, about a possible fifth party nothing is known.
But last week there was a delegation in Trollhättan whose identity was unknown. Even reliable Swedish sources are at a loss. Maybe a reference to the potential prospective number five?
Anyway. Today, Rachel Pang arrives in Sweden with her father and the Youngman delegation. The thing will pick up speed now. The bankruptcy trustees told the press today that there are no plans to meet with buyers this week. But everything is possible, because the process (for Swedish conditions) can now develop very quickly.
In the same breath complains about the lack of financial means for the procedure, because the sale of the museum has made only 3.2 million €. Anyone who can even halfway suspect the remuneration for the lawyer trio in this process, knows that this amount is sufficient only for the petty cash. Now one contemplates components that are still available in the factory to sell to take money.
The fate of Saab will be decided in the next 14 days. Binding offers must be on the table by mid-February if bankruptcy proceedings are to be completed on schedule in April. Depending on where the investors come from, we will see how the future develops. That Saab is not filleted, but goes in one piece to a buyer is considered likely and is the good news. Also, that at least four buyers to the site Trollhättan stand and continue the brand Saab, is a very good perspective.
Is there a preferred buyer for me? The question is difficult, the concepts very different. For the blog but it will be crucial. Because, not with every investor, I feel the charm to continue writing. Because, there is and was a motivation for me to blog. But more at a given time.
Now it goes on, at least until April. It will be an exciting and hopefully positive week for Saab, the omens are good. Updates will follow.