Bosch to abandon Fagor Mastercook?
12:22
Receiver of bankrupt Fagor Mastercook has to approve its acquisition by German BSH, the owner of Bosch within one week, otherwise BSH will withdraw the offer, Wyborcza.biz web portal reported.
Receiver, Teresa Kalisz does not agree to sell the plant for PLN 90 million, due to "a conspicuously low price" and recommends PLN 145 million. The problem is, the higher price is unacceptable for BSH.
"If the agreement is not signed until April 17, BSH will not approach any more," said BSH's lawyer, Marcin Dudarski.
The potential investor expressed interest in the Wrocław factory in 2013.
Bosch was planning on launching production within three years, 500 people would be employed.
