dit mailtje dwarrelde vanmiddag m'n meelboks binnen
qte..
National Electric Vehicle Sweden <
A470121662@distribution.cision.com>
2:34 PM (2 hours ago)
to me
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A composition to get Nevs out of reorganisation
National Electric Vehicle Sweden AB, Nevs, provides unsecured creditors a composition proposal in order to exit the reorganisation. It creates the conditions for completion of ongoing negotiations with two major OEMs and the implementation of a new business plan together with partners and owners. Nevs’ owners and management has noted the difficulty of completing this type of complex negotiations during a reorganisation and the risk premium it implies. The current negotiations, together with two major OEMs, are mainly focused on two tracks that are complementing each other. One is to form a technical joint venture company in Trollhättan and the other is to introduce a new majority owner in Nevs, with the plan of making Saab cars a global premium product.
- The negotiations are progressing but we also see the complication of reaching an agreement when we are in a state of reorganisation. Our main owner has single-handedly financed the reorganisation and intends to get us out of it. In order for this to be possible financially, we need to reach a composition arrangement with the creditors, says Nevs CEO, Mattias Bergman.
The composition proposal includes a composition of 50 percent for unsecured creditors on claims over 500'000 SEK. Meaning that from a total of 573 creditors 469 will get their full claim paid, and 104 creditors will have their claims above 500’000 SEK reduced by 50 percent.
- Provided that Nevs’ composition proposal is accepted, it is my judgment that the prerequisites are favorable to also reach an agreement with a financially strong OEM, and thereby enabling a continued business potential for the creditors. With this said, it is my opinion that accepting the composition proposal is advantageous for the creditors. The alternative of a liquidation would likely result in a lower dividend several years later, says the Administrator, Attorney Lars Eric Gustafsson, Hamilton Law Firm.
All creditors are invited to an information meeting at Nevs in Trollhättan on 26 February.
Attached is the Administrator Report. Click here to read it on Hamilton law firm’s website.
Mikael Östlund
Director Communications and Public Affairs
Tel: 46 5208 5100
mikael.ostlund@saabcars.com
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National Electric Vehicle Sweden AB, (Nevs), acquired August 31, 2012, the main assets of the Saab Automobile bankruptcy estates. Nevs builds on the Swedish heritage with high-tech innovative solutions and the Scandinavian design tradition. Nevs’ aim is to be a front-runner in the automotive industry, shaping mobility for a more sustainable future, with focus on electric vehicles. Nevs is to 78 % owned by National Modern Energy Holdings Ltd. and to 22 % by Qingdao Qingbo Investment Co Ltd. For more information:
http://www.saabcars.com" onclick="window.open(this.href);return false;.
...unqte
links naar 'the administrator's report
http://hamilton.episerverhosting.com/Do ... ttelse.PDF" onclick="window.open(this.href);return false;
http://hamilton.episerverhosting.com/Do ... ackord.PDF" onclick="window.open(this.href);return false;
helaas is m'n zweeds wat roestig
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