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Spyker in exclusive tals with a Lithuanian bank

By Yoann Besnard on 13 December 2007 | Commentaires (0) Comments | Permalink

Troubled luxury car maker Spyker has announced that it had entered in exclusive talks with the Lithuanian bank, Snoras Group, on refinancing the company. The Dutch company expects to reach a deal within ten days and has suspended talks with other potential investors including the Lichtenstein-based firm ACI.

Secrecy surrounds, of course, the talks although it is believed that the Lithuanian bank won't get a stake inferior to 30% as interim CEO Hans Hugenholtz told in an interview last week that “Spyker needs funding to develop new cars” and “a stake in the company could be part of the refinance plans” but the “stake won't exceed 30 percent.''

According to the newspaper De Telegraaf, Spyker planned to get will get €48 million / £35 million from ACI in exchange of a 26 percent stake.


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