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Spyker N.V.

Spyker N.V.

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Publicatie datum 31 aug 2007 - 23:24
Statutaire naam Spyker N.V.
Titel SPYKER CARS N.V. REPORTS 2007 HALF YEAR RESULTS
Bericht Zeewolde, 31 August 2007 - Spyker Cars N.V., Formula One constructor and manufacturer of exclusive premium sports cars, announces its results for the first half year of 2007 as well as a significant development relating to a possible sale of its Formula One Team. Additionally, it notes that the AFM has informed Spyker that it challenges Spyker’s 2006 financial accounts. Spyker Cars N.V. today released its 2007 Half Year results. This was late in the day to allow for inclusion of the latest results of negotiations relating to a possible sale of Spyker’s Formula One Team. These discussions, completed today, have resulted in an agreement to enter into an exclusive 30 day negotiation period with a consortium consisting of Strongwind, the Luxembourg based investment arm of the Mol family as well as Watson Limited, a company owned and controlled by Dr. Vijay Mallya, an Indian industrialist. This group has tabled an initial offer in the amount of EUR 80 million (USD 109 million) for the Spyker Formula One Racing Team subject to due diligence and the exact terms and conditions of the offer will be discussed over the coming 30 days. In September 2006 Spyker bought the Formula One Racing Team for USD 106.6 million.