Spyker N.V.
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Publicatie datum
29 sep 2011 - 08:05
Statutaire naam
Spyker N.V.
Titel
SWEDISH AUTOMOBILE REACHED CONDITIONAL AGREEMENT ON MAIN TERMS SALE SPYKER BUSINESS
Bericht
Zeewolde, The Netherlands, 29 September 2011 - Swedish Automobile N.V. (Swan) announces it has reached conditional agreement with North Street Capital, LP (North Street) about the main terms of the sale of the Spyker sportscar business.
The indicative terms of the transaction envisage net proceeds to Swan of approximately EUR 32 million if and when the sale would become wholly unconditional. Since the Spyker assets are pledged to Tenaci Capital B.V. (Tenaci) the net proceeds of a sale will be used to redeem Swan's debt to Tenaci.
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