Torrot has submitted the highest bid to acquire Gas Gas, which is in the process of judicial liquidation to find a new owner. The proposed amount is €9.66 million, well above the €7 million submitted by IRG and the €2.66 million presented by Sherco.
The most positive thing is that all the brands have expressed their intention to refloat Gas Gas while maintaining the brand, resuming activity and taking over part of the current workforce, to which some 60 subcontracted workers would be added.
TORROT’S OFFER
9,669,628.20 euros would be allocated to buy the production unit, of which 6,380,000 euros will be used to cover the loans contracted by the Girona company. The offer, which is accompanied by a guarantee of up to 150,000 euros, also states that it will pay 1,650,000 euros to buy the machinery and the factory in the Salt industrial estate, headquarters of Gas Gas.
As for the industrial project, Torrot plans to invest up to 13 million euros over three years to carry out a viability plan that will allow the company to refloat (while maintaining the brand).
WRI’S OFFER
The second highest bid is made by IRG, with €7,020,115. It proposes to pay €500,000 in cash when the liquidation process is completed and to allocate the remaining €6.5 million to refloat the company. This offer also specifies that, in terms of debt, only the charges that Gas Gas has contracted with the Social Security will be assumed.
As for the industrial project, IRG’s offer is to subrogate more staff, assures that the seniority and rights they had acquired with Gas Gas will be maintained and that, if they need more staff, priority will be given to hiring the former employees.
SHERCO’S OFFER
Finally, Sherco is the one that proposes the lowest price. Specifically, 2,665,160 euros. Of these, €1.16 million will be used to purchase Gas Gas’ factory, machinery, stock and customer network; the rest will be used to pay compensation to workers who are dismissed and to cover the debt contracted with Social Security.
Sherco’s proposal includes subrogating 47 contracts (of the three firms, it is the one that will take on the least workforce) and investing 11.8 million euros in a plan to refloat both the company and the brand.
Source of the news: Diari de Girona
