Massive interest in SaarGummi sale

ERJ staff report (DS)

Saarbrücken, Germany -- Admistrators of the troubled SaarGummi business report huge interest from competitors in the activities of the bankrupt SaarGummi GmbH and SaarGummi Deutschland GmbH businesses.

More than 15 investors declared they were seriously interested in taking over the company group, according to Jean-Olivier Boghossian of Schultze & Braun, the provisional insolvency administrator for SaarGummi GmbH. He said many of these companies are active in the same sector as SaarGummi. "The global orientation of the SaarGummi Group and its presence on the major automotive markets have attracted the interest of a large number of potential buyers. The bulk of them also have their core business in the automotive sector and operate all over the world. In addition there have been some inquiries from the Asian region."

In agreement with customers and banks of SaarGummi, Boghossian has engaged PricewaterhouseCoopers (PwC) to take charge of the process of sale. PwC was involved in the sale of the Henniges activity a few months ago.

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Press release from Schultze & Braun