On 11 June, the creditors’ committee of Maflow considered bids for a separate part of the assets of the company, which has been under bankruptcy for almost a year.
Poland
Boryszew interested in Maflow
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- Author: AutomotiveSuppliers.pl
On 11 June, the creditors’ committee of Maflow considered bids for a separate part of the assets of the company, which has been under bankruptcy for almost a year.
The receiver in bankruptcy put the company’s assets up for sale in April and May this year, but no company offered to buy the PLN 208m assets. However, as some companies have after all expressed their interest in the supplier, the receiver invited them to enter into negotiations.
“Two valid bids have been submitted,” said Wojciech Zymek, the receiver for Maflow. “The Warsaw Stock Exchange listed company Boryszew offered to pay 70 million zloty and Polplast, a company in Myślenice, which is a member of the French GMD group, offered 6.5 million euros,” adds Zymek.
The agreement to buy Maflow Polska is conditional, as Boryszew has declared its interest in buying the Italy-based parent company (Maflow SpA) and its subsidiaries in Spain, France, China, Japan and Brazil.
If the bid for Maflow SpA is rejected, Boryszew may settle for the group’s company in Poland if it negotiates good terms for supplies of rubber from the Italian factories for the manufacture of cables.
“Two valid bids have been submitted,” said Wojciech Zymek, the receiver for Maflow. “The Warsaw Stock Exchange listed company Boryszew offered to pay 70 million zloty and Polplast, a company in Myślenice, which is a member of the French GMD group, offered 6.5 million euros,” adds Zymek.
The agreement to buy Maflow Polska is conditional, as Boryszew has declared its interest in buying the Italy-based parent company (Maflow SpA) and its subsidiaries in Spain, France, China, Japan and Brazil.
If the bid for Maflow SpA is rejected, Boryszew may settle for the group’s company in Poland if it negotiates good terms for supplies of rubber from the Italian factories for the manufacture of cables.
