Swedish paper GT.se 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.
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…..