Brief: British Automotive Holding To Run Talks On Terms Of Termination Of Import To Poland

British Automotive Holding w Upadlosci SA

12/08/2020 07:32

August 12 (Reuters) - British Automotive Holding SA
 BAHP.WA :
    * SAID ON TUESDAY THAT IT HAS RESOLVED THAT ITS UNIT BRITISH
AUTOMOTIVE POLSKA (BAP) WILL CONDUCT TALKS WITH JAGUAR LAND
ROVER DEUTSCHLAND GMBH (JLR) AND WITH INCHCAPE PLC ON THE TERMS
OF TERMINATION OF IMPORT ACTIVITY OF JAGUAR, LAND ROVER VEHICLES
TO POLAND BY BAP   
    * THE TALKS WILL ALSO BE ON OPERATIONAL TAKEOVER OF THE
IMPORT
ACTIVITY BY JLR TOGETHER WITH INCHCAPE PLC  
    * SAID AT THE MOMENT OF TAKING DECISION TO CONDUCT TALKS NO
TERMS
FOR TERMINATION OF THE IMPORTING ACTIVITY HAVE BEEN SET
    * SAID UNDER STRATEGIC OPTIONS REVIEW HAS ALSO RESOLVED TO
INVESTIGATE THE OPTION OF FINDING INVESTORS FOR ITS UNITS AS
WELL AS THE OPTION OF SELLING THE WHOLE OR PART OF ITS STAKE IN
ITS UNITS OR SELL ASSETS OWNED BY THEM   

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM9FttLHa
    
 Further company coverage:  BAHP.WA  
   


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