Chinese/Japanese bid for Saab – updated
March 23, 2012 in News
Sverigesradio.se report that a consortium from Japan and China has placed a bid for Saab:
The consortium is backed by strong investors and be ready to pay a premium price for Saab. They should have met with the administrators and have had positive meetings, says a source of P4 West.
– They are big favorites, because they have such great financial resources, the source said.
It was previously known that the Chinese Youngman has made an offer. Another competitor is the Indian Mahindra, which reportedly has made a bid, but how far they have come in the process is highly uncertain, according to a source.
Update from ttela.se:
The consortium is said to have reached Saab’s bankruptcy trustees, and shall also – probably – have made a bid. From the same source comes that the PR-company Springtime are the Swedish representatives of the consortium. And when TTELA reaches Springtime CEO Maria Arnholm confirms that the agency is representing Saab stakeholders.
– I can confirm that we represent clients who have an interest in Saab. More than that, I can not say, she says
According TTELA’s source, however, these stakeholders are very interesting.
– This is clearly the hottest track, they are very good, says TTELA’s source.
This seems to fit well with the story we posted earlier about BAIC. So even if things are quiet on the surface there is a lot happening underneath. And rightly so as the end of March is near.