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INTERNATIONAL BRIEFS
INTERNATIONAL BRIEFS;Stork to Purchase Fokker Assets
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Stork N.V., a Dutch machinery maker, agreed yesterday to pay 302.5 million guilders, or $178 million, for Fokker Aviation N.V., the holding company for the bankrupt aircraft maker's viable businesses. Stork said that 222.5 million guilders was for Fokker Aviation's shares, while 80 million was to take over a loan.
Fokker's liquidators warned that they could still reverse the agreement "if a buyer can be found for the whole of Fokker, including the bankrupt aircraft maker." Stork said the purchase would help its sales rise 12 percent, to 5 billion guilders. Fokker Aviation employs some 2,400 of the former 8,000-member work force of Fokker N.V., the parent company. (Bloomberg Business News)
A version of this article appears in print on , Section D, Page 5 of the National edition with the headline: INTERNATIONAL BRIEFS;Stork to Purchase Fokker Assets. Order Reprints | Today’s Paper | Subscribe
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