DSB boss said to have two takeover plans

18th October 2009, Comments 0 comments

DSB Bank owner-director Dirk Scheringa is reported to be working on two possible options to save DSB from bankruptcy.

The Netherlands - DSB Bank owner-director Dirk Scheringa is reported to be working on two possible options to save DSB from bankruptcy. The news follows comments made by Jelle Hendrickx of the Support Fund for Problem Mortgages Foundation in an interview with the Dutch public-service broadcaster NOS.
 
It was already known that Scheringa was holding talks with a United States concern on a possible takeover of his stricken DSB Bank. The concern in question is rumoured to be the Texas-based Lone Star Investments company which has a history of buying up failing banks.
 
Mr Hendrickx says the DSB boss is also working on another plan for saving the bank which should prove more advantageous for DSB customers. Although he declined to give more details, he called on people set to lose money with DSB to urge an Amsterdam court to give Mr Scheringa more time to find a buyer for the bank.
 
On Friday, the court gave him until 9 o'clock on Monday morning to find a company to take over DSB. If he fails to find a takeover candidate, the bank will be declared bankrupt.

Radio Netherlands/Expatica

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