US-based Micromobility.com’s non-binding bid to acquire bankrupt Dutch company VanMoof has been rejected by its trustees. The US company had submitted the bid earlier this month.
Salvatore Palella, founder & CEO of Micromobility.com, wrote on X (previously Twitter), “Regrettably, our bid for #VanMoof, which deeply prioritized consumer protection & job preservation, wasn’t accepted by the trustees. They’ve opted to negotiate with another party. My gut tells me financial figures are taking precedence over consumer protection. Best wishes to the @VanMoof community (@VanMooferNews) – they deserve respect & quick answers. We’ll be watching closely.”
The bid came after the Dutch company’s declaration of bankruptcy, and the court of Amsterdam lifting the suspension of payment proceedings for VanMoof Global Holding BV, VanMoof BV, and VanMoof Global Support BV.
The court’s decision was driven by the Dutch entities’ financial constraints and inability to meet their liabilities.