CIM Capital’s claims rejected in court

The claims that investment company CIM Capital filed in summary proceedings against the sale of the ‘Industrial Vehicles’ department at Van Hool have been rejected.

The rescue specialist CIM Capital says they made a better offer that was not given a chance.

The chairman of the corporate court in Antwerp decided this on Tuesday.

According to Marc Van Hool’s investment fund CIM Capital, their bid for the trailer division did not get a fair chance.

CIM Capital pointed out that their offer was “substantially better in all areas than the offer from Schmitz Cargobull that the trustees chose.”

For example, CIM Capital wanted to take over the department in its entirety and give it a fresh start, so that 550 of the 750 jobs could be retained. Schmitz Cargobull aims for 350 jobs. The offer was also better on a financial level, it sounds, and CIM Capital also wanted to take over the real estate.