Spyker deal not done yet – Mol

Wed, 5 September 2007, 10:30

A spokesman for Michiel Mol has denied reports that a consortium also involving Indian billionaire Vijay Mallya has definitely bought the Dutch formula one team Spyker.

“Contrary to what has been written by numerous media outlets, a definite agreement still has not been reached concerning the acquisition of Spyker,” spokesman Dick Haijma, representing Dutchman Mol and his wealthy father Jan, is quoted as saying by Sportweek.

He explained: “Since last Friday, the situation has not changed much. The negotiation period of 30 days is still effective.

“Until there are signatures on the papers, there is no deal.”

It is understood, however, that the ‘Orange India’ consortium has been given 30 days to exclusively conduct due diligence and then decide to finalise the purchase of the F1 outfit.

Winnie Koole, parent company Spyker Cars’ public relations manager, added: “It is correct that (the consortium) has laid down an offer of 80 million (euros).”

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