Pierre Karl Péladeau submits its offer for the purchase of Teo Taxi

Pierre Karl Péladeau dépose son offre pour l’achat de Téo Taxi

Photo: Jacques Nadeau Le Devoir
Pierre Karl Péladeau said in the beginning of the month “well advanced” in its desire to acquire the assets of Teo Taxi.

At the expiration of the period fixed by the trustee, Pierre Karl Péladeau has filed a tender offer for the acquisition of Teo Taxi and its technology platform.

The information came from VAT News and Radio-Canada. It was recalled that the potential buyers any of Teo Taxi had until 4 march to occur, according to the conditions laid down by the firm Richter. Pierre Karl Péladeau is in a personal capacity in this folder. The terms of the proposal, which will be submitted to the creditors, are not known. It was also not possible to know if other interested buyers came forward.

25 million

It is the overall debt of Teo Taxi.

Pierre Karl Péladeau said in the beginning of the month “well advanced” in its desire to acquire the assets of Teo Taxi. He had just had a meeting with the minister of Transport, François Bonnardel. The business man complained about a “regulatory obsolete” and claimed the need for a “level playing field” fair for all players in the taxi industry. Showing again his interest to revive the business currently insolvent Teo Taxi, Mr. Péladeau argued to the minister that this required ” financial resources and vision in the medium and long term “. He added that the technology could be exported, in line with the objective of the government of Québec to generate well-paying jobs, could we read in a text to The canadian Press.

The overall debt of Teo amounted to approximately 25 million, of which $ 10 million to the National Bank, according to a document filed by the institution with the Québec superior Court. Teo must also 1.7 million to the finance company FinTaxi, established by the Fund QFL in the years 2000.

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