German regional state authorities could come to aid of BenQ Mobile: report
Technology enthusiasts visit Taiwan-based wireless device giant Benq’s stand during the 2006 CeBIT information and telecommunication technology fair in Hanover, Germany. The regional state authorities of North Rhine-Westphalia are considering a bid to rescue insolvent mobile phone maker BenQ Mobile, at least until a long-term investor can be found, the daily Die Welt reported in its online edition.
The regional state authorities of North Rhine-Westphalia are considering a bid to rescue insolvent mobile phone maker BenQ Mobile, at least until a long-term investor can be found, the daily Die Welt reported in its online edition.
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“We’ll do everything that is feasible within subsidy rules to bring the situation forward,” the newspaper quoted a spokesman of North Rhine-Westphalia’s economics minister, Christa Thoben, as saying.
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The regional state government was considering issuing a guarantee for BenQ Mobile, the failed German arm of Taiwanese electronics maker BenQ, Die Welt said.
Such a state guarantee could be a necessary pre-condition for a sale of BenQ Mobile, a former Siemens subsidiary, to a group of German and US investors that has expressed interest in buying the company, the newspaper continued.
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The court-appointed administrator in charge of the insolvency proceedings at BenQ Mobile, Martin Prager, said earlier this week that no buyer had been found for the company, despite expressions of interest by a large number of different parties.
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But a Munich-based lawyer for an unnamed group of German and US investors hit out at Prager’s comments on Thursday, insisting that his clients had submitted a firm offer.
