Report: Geely are looking closely at Saab

Swedish paper have a report today stating that Chinese carmaker, Geely, are looking very closely at Saab. The report says that whilst they’ve also been looking at Volvo, the low buy-in price for Saab is what’s really sparking serious interest.
How serious?
Geely have apparently commissioned British bankers, Rothschild, to assist with the potential transaction. Rothschild have an ace in the hole, too, with former Volvo powerbrokers contracted to help them out.
From the Google trans:

Geely are now acting vigorously to implement the deal.
Company founder Li Shufu said earlier this week that he is “studying” the market in Europe and that “it is likely” that he buys a manufacturer or a subcontractor.
Geely has contacted the British investment bank Rothschild to help with a purchase of Saab.
For the Bank is working, among others, the former Volvo heads PG Gyllenhammar and Hans-Olov Olsson.

More on this shortly…..

Comments are closed.

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.