Autosan still looking for investor

The second auction for insolvent bus producer Autosan will be held in October, after the first one, in June, did not succeed, reports Puls Biznesu. The asking price has been reduced by PLN 6 million to PLN 50 million. Grzegorz Tarnawa, Autosan’s main shareholder, told the daily that there are several investors interested in the company, both Polish and foreign. Bankruptcy administrator Ludwik Noworolski did not confirm the news, however. “Let’s wait until October,” he said. Autosan has been in bankruptcy proceedings for almost a year. Despite that, the company continues to operate and produces some 100 buses annually.