TTELA: (Presumed) Spyker proceed to next steps on Saab sale
December 15, 2009 in News
TTELA have an article on site today quoting Joran Hagglund as follows:
General Motors’ process to sell Saab Automobile has taken another step. The European Investment Bank (EIB) and the government have received support to go in depth with one of the stakeholders.
- I know that the bank has given a name to work with and we have also begun to look at the candidate who is the main track, says Joran Hagglund, state secretary at the Economy Ministry, told TT.
For Saab to be able to get the loan from Bank of 400 million, approximately SEK 4.2 billion, the new owner must meet the Bank’s review. Government and SNDO review is to examine whether the state should provide the necessary loan guarantees.
- We will include an economic analysis and see where Saab will enter the business image of stakeholders. For us, the same requirements apply as before – the taxpayers should not suffer,” said Joran Hagglund.
Of course, Mr Hagglund did not give the name of the party they are looking into, but the hot favourite at the moment is the Spyker consortium, comprising Spyker themselves and Convers Bank.
This is good news. Welcome news. Timely news.
Another good story from TTELA, who have been rockstars in covering this ongoing saga.
——
Thanks to Magnus for the tip!
