Spyker Cars and M-Consortium in negotiation for F1 team
Zeewolde, The Netherlands, 28 August 2006 - - In reaction to various rumors in the press, Spyker Cars N.V. and the M-Consortium headed by Michiel Mol make the following statement.
Spyker Cars NV and the M-Consortium confirm that currently negotiations are taking place with the owner of Midland F1 with respect to a possible acquisition by Spyker of the Midland F1 team. The outcome of the negotiations is still depending on a number of conditions and circumstances. In the event that such acquisition would materialize, Spyker will consider a share issue to (partially) finance the transaction. M-Consortium has expressed its willingness to subscribe to this issue for a large part.
At the appropriate time further announcements will be made. In any event the acquisition will be subject to Spyker Shareholders' and Supervisory Board approval.
