Yo flipo
Esto es un ejemplo de lucha sin rendición, aunque les veten todos los planes, vuelta a la carga:
(Perdon por el "copy and paste")
Fuente Saabsunited:
December 7, 2011 in News
di.se report about a possible backup plan to save Saab without needing GM’s approval:
After again having been cut by GM gave Victor Muller and China Youngman during the night of Wednesday to grips with a solution in which the U.S. automotive giant will not have anything to say. This reports Dagens Industri.
A source familiar with the negotiations said to Di that the new plan means that Youngman injects billions – but without that it is linked to any ownership, and thus get around GM’s veto.
But it is urgent. It will not collect any money by noon on Wednesday will leave administrator Guy Lofalk a request to cancel the process.
In terms of size as stated supply from Youngman – probably along with Bank of China – about 5 billion SEK in the first step. Money will then go to solve the EIB loan, pay subcontractors and start production in Trollhättan again.
Dagens Industri state it was unable to find out the securities offered Youngman and Bank of China, but it is probable that these are some sort of convertible shares with long maturities.
I think this plan has a chance to work if the investors really want to get that deal done. For Youngman and the bank it would be more comfortable to step into ownership but as this obviously won’t work there is no other option. I’d expect those shares to be converted into real shares in a few years. No ownership change means no approval needed by GM. But if GM’s main demand really is that there is no Chinese ownership in Saab they should be satisfied with such a solution, too.
In another article di.se state that Victor is optimistic that this can work out:
After GM also said no to the proposed ownership constellation in which the Chinese biltillverkarenYoungman and a Chinese bank would take almost 50 per cent stake in Swan, spoke Victor Muller on Tuesday night about a “Plan C” to try to save Saab from bankruptcy.
And this plan is still alive according to Victor Muller, despite news that Lofalk wants to stop reconstruction.
“Yes,” replies Victor Muller in an SMS to the question if there is still a chance that “Plan C” will succeed.
Victor Muller confirmed to di.se that the new plan is to Youngman and a Chinese bank injects billions of crowns, without connection to any property. As Dagens Industri could tell on Wednesday, this is a way of trying to get around GM.
“Youngman would not have any shares, neither would the Chinese bank,” writes Victor Muller.
If the involved parties agree on a plan like that the lifeline for Saab could be revived through a quick cash injection by Youngman. This should be possible as soon as a new MOU is there. Sure there may be other hurdles until the final deal can be inked but it definetely looks like GM is the highest one.