Finally, yesterday, the Board of Directors and the majority, Gas Gas motorcycles shareholders, has finally decided to take the company into liquidation, assuming the options closed Swiss investor. This was communicated to the Board delegate and CEO Meeting administrator.
In this manner, and after seven months of negotiations, the legal deadlines exhausting, providing workers consume and damage society. With a strategy led by partners in a negative way for the brand, with the sole purpose of protecting their interests. Today some of the unilateral Israeli shareholders, it decided to invite the company to liquidation. This irrevocable decision opens a totally different and new scenario for the brand.
Verbally and until payment is made official, the committee in collaboration with the Director and CEO saw fit, since the activity of the company is non-existent today, okay other paid leave to be able to negotiate a temporary suspension of record for the model together, except for the parties, and address financial department, the latter with the committee to prepare the sale of the administrator of the production unit.
The Board understands this to be a major challenge and the only goal we defended was always to work in an industrial plan to return the brand you happen to be at the head of the test off-road sector. We know it will not be easy to find roadblocks, but also look back and see that the way we left it was not easy. We travel a lot and we will not stop, not now. Because if one thing we clearly is that workers do not know Gas Gas motorcycles and only need an economic contribution and good management team.