EIB loan to Saab – approved

It happened while I was sleeping (damn time zones!) and it’s already been noted in comments, but for those who haven’t seen it yet, from the EIB website:

EIB loan to Saab
Date: 12 February 2010
The EIB has confirmed the authorisation to conclude the EUR 400 m loan to SAAB Automobile AB in accordance with the terms and conditions approved by the Board of Directors on 21 October 2009 and to conclude the guarantee agreement with the Swedish National Debt Office, as the loan is subject to a state guarantee which the Swedisch Government approved on 26 January 2010. The EU Commission approved the Swedish state-guarantee for the Bank’s loan to SAAB on 8 February 2010.

Giddyup, baby!!
From Svenska Dagbladet:
Spykers CEO Victor Muller had just been told by the EIB when TT got hold of him.
– I’m very up and very happy that the biggest obstacle to the whole affair is now gone, “he said.
– Now we move quickly towards closing the deal. Probably becoming clear next week, “he continues.
But there are still a part of the negotiation with GM.
– It is the most technical stuff and the different conditions we have to discuss. As I see it, there are no substantial barriers remain, “he says.
TT: Are you going to celebrate today’s ruling?
– Yes, it is clear. Victor Muller. “I’m going home to my wife and children.”

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