Safra taken out of receivership through Chinese acquisition
By Bradley Osborne - 27th May 2025
France / China – Safra Group, a bus manufacturer based in Albi, France, has accepted an acquisition offer from Wanrun New Energy Technology Holding Pte Ltd, a Singapore-based holding company and supplier of battery materials in China, after the French company went into receivership earlier in the year.
The offer from Wanrun was one of six bids made to acquire the company’s assets after it was placed in receivership on 4 February. Wanrun’s bid was selected because it proposed to maintain all of Safra’s current business activities and to keep 120 out of 169 jobs going through a “clear investment plan”. Safra’s assets were valued at a total of EUR7m. Late last year, Wanrun had already signed a memorandum of understanding with Safra to acquire a majority stake in the business.
