Navya announced on Monday that it had received four takeover offers as part of the receivership proceedings it has been undergoing since early February at the Lyon Commercial Court.

The autonomous mobility systems specialist says it has received four takeover offers to date, but stresses that each of them remains subject to financing conditions.

In this context, the Lyon Commercial Court has decided to continue the observation period and set a new timetable to enable potential buyers to improve their offers.

Under this new scheme, the deadline for improving bids has been set at March 30, and the deadline for the bid review hearing at April 4.

Initially, the Lyon Commercial Court had set February 21 as the deadline for submitting takeover bids to the insolvency administrator, and March 7 as the deadline for reviewing these bids.

In the meantime, the company's operations will continue during the observation period.

The suspension of Navya's share listing, effective since January 25, will also be maintained.

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