Business Services Industry
MBO plans for Flextronics in Pandrup, Denmark - report
Nordic Business Report, Jan 16, 2004
NORDIC BUSINESS REPORT-16 January 2004-MBO plans for Flextronics in Pandrup, Denmark - report(C)1994-2004 M2 COMMUNICATIONS LTD http://www.m2.com
The management of the Flextronics plant in Pandrup, Denmark is reportedly investigating the possibilities of continuing the plant despite the loss of a large Siemens contract in April.
The loss of the contract means that most of the plant's 1,000 workers will have to go.
According to the Danish newspaper Jyllands-Posten the plant's US parent company Flextronics Group has proposed that the facilities would transfer to their current management and external investors in a management buy-out deal.
According to Jyllands-Posten the investors interested in the Pandrup plant would have to pay some DKK200m.
One Danish krone (DKK) is worth approximately 0.093 British pounds (GBP).
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