Van Hool is not yet facing bankruptcy as of Tuesday, despite recent family disputes among shareholders leading to the belief that the company would be closing its operations today. The board of directors has decided to extend negotiations for an additional week in hopes of restarting the company quickly.
The management at Van Hool is focusing on securing a sustainable future for the company, despite recent challenges. They have intensified discussions with potential acquirers, including Dutch competitor VDL and German company Schmitz Cargobull, along with entrepreneur Guido Dumarey expressing interest. There is also a fourth, smaller candidate in the running.
While Van Hool still faces the risk of bankruptcy, they are hopeful for a fresh start while retaining some of their operations and jobs. Specific plans for the company’s future have not yet been communicated, but the management stated that they are considering all stakeholders, giving particular attention to employees.
