Dutch investment firm to buy stake in Spyker

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Viknesh Vijayenthiran December 4th, 2007

By Viknesh Vijayenthiran Author December 4th, 2007

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December 31st, 1969 Officials from Spyker have confirmed that a letter of intent between the carmaker and Dutch investment firm ACI has been signed for the eventual sale of a stake in the company. Spyker also confirmed that it’s in talks with several other potential investors and that no final decision had been made. Spyker has been in financial troubles recently and was forced to drop development plans for several new models as well as sell off its F1 team to help turnaround its rising debts. Talks with potential investors are in the early stages, a Spyker spokesman revealed to Thomson Financial. Company director Victor Muller is expected to retain his 11% holding. News of the possible sale had led to a suspension in trading of Spyker’s shares but it was soon lifted following the release of official statements from management.

Dutch investment firm to buy stake in Spyker

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Officials from Spyker have confirmed that a letter of intent between the carmaker and Dutch investment firm ACI has been signed for the eventual sale of a stake in the company. Spyker also confirmed that it’s in talks with several other potential investors and that no final decision had been made.

Spyker has been in financial troubles recently and was forced to drop development plans for several new models as well as sell off its F1 team to help turnaround its rising debts.

Talks with potential investors are in the early stages, a Spyker spokesman revealed to Thomson Financial. Company director Victor Muller is expected to retain his 11% holding.

News of the possible sale had led to a suspension in trading of Spyker’s shares but it was soon lifted following the release of official statements from management.

Tags: Industry