Brief: British Automotive Holding Says JLR Seeks Agreement On Import Deal Expiry Date

British Automotive Holding w Upadlosci SA

24/09/2020 07:22

Sept 24 (Reuters) - British Automotive Holding SA  BAHP.WA :
    * SAID ON WEDNESDAY THAT JAGUAR LAND ROVER DEUTSCHLAND (JLR)
HAS
INFORMED THE COMPANY THAT AT PRESENT THEIR IMPORT AGREEMENT IS
SUBJECT TO THE PREVIOUSLY AGREED NOTICE PERIOD ON 31 MARCH, 2021
    * JLR HAS INFORMED THAT IT IS INTERESTED IN REACHING AN
AGREEMENT
(AGREEMENT 2) BASED ON WHICH THE IMPORT AGREEMENT WOULD EXPIRE
ON NOV 30, 2020
    * ADDITIONALLY JLR HAS INFORMED OF ITS ASSUMPTION THAT
FOLLOWING
THE EXPIRY OF THE IMPORT AGREEMENT DISTRIBUTION ACTIVITIES IN
POLAND WILL BE CARRIED OUT THROUGH A JOINT VENTURE BY JLR AND
INCHCAPE
    * JLR HAS ALSO INFORMED THAT IT WANTS AGREEMENT 2 TO INCLUDE
ARRANGEMENTS ON THE COMPANY'S DEALERSHIP NETWORK, TERMS ON
PAYMENT OF AMOUNTS DUE, AS WELL AS ISSUES REGARDING INVENTORY IN
POSSESSION OF THE COMPANY ON NOV 30, 2020 

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM63MMpxa
    
 Further company coverage:  BAHP.WA  
   


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