Spyker in talks with Lithuanian investor

Posted Wed Dec 12 2007 7:37 PM by Ralph Hanson

Officials from Spyker have confirmed that it’s in exclusive talks with Lithuanian bank Snoras Group to help refinance and possibly sell 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. Officials are hopeful a deal will be reached with Snoras Group soon and expect an outcome within the next ten days, reports DutchNews.

Previous talks with Lichtenstein-based firm ACI have since been dropped despite the signing of a letter of intent earlier this month.

MotorAuthority