SDC waiting for KOB & Czech government approval after Odien group recommended SDC to take over Tatra.

14 August 2001 Though final Kosolidacni Banka (KOB) approval was expected by the end of July, no news has been heard from the Czech Bank that owns 91.62 % of Tatra’s shares Before SDC, who beated young U.S truckmaker Bering with a better Sales Proposal – Volvo and Toyota both deciding to withdraw in an earlier stage- can call themselves the new Tatra owner, the KOB has to approve on SDC’s sales proposal before it will be submitted to the Czech Government for its approval. The Cabinet of the Government will then make the final decision on the investor. SDC Chairman Ronald Adams said, “SDC’s investment package totals more than US$30 million. This amount includes the actual purchase price for the shares, our investment commitment during the next twelve months, and the refinancing of the existing bank debt SDC Web site Terex, SDC & Tatra Terex web site Tatra World News Page CTK news on takeover of Tatra Bering trucks web site Odiengroup news on Tatra