Jöran Hägglund on the Koenigsegg Saab announcement

The press release has been (finally) released.

There’s video of Jan-Ake Jonsson and Christian von Koenigsegg talking about the whole deal.

Now it’s time for the other player in this drama – Jöran Hägglund

Here’s a Googletrans from DI-se


Hägglund: Four step for Saab

“If all the pieces fall into place, it is a welcome step for the employees, Trollhättan, the region and the automotive industry. But there are many parallel complex processes going on simultaneously,” said Jöran Hägglund (C), Secretary of State at the Industry Ministry, at a press conference on tisdagen. He mentioned four steps. The most crucial is that Koenigsegg adds significant private capital.

“Automotive industry is the industry with the highest risk premiums in the market. While there is great potential.”

Other issues are negotiated with EIB loans. It is they who go through the company’s performance and determines the size of the loan.

Koenigsegg will also agree with Riksgälden on loan guarantees. Finally, the EU Commission approve the terms of the loan guarantees, said Jöran Hägglund.

The government has received a statement of ownership within the Koenigsegg. It now remains to securing the capital, says Jöran Hägglund. How large amounts involved, he does not want to comment on.

“There is significant amount but we want to be clear that it is not so that the taxpayers should go in and finance the deal between GM and Koenigsegg. Had it been so, we had gone in and bought the company from the very beginning.”

Under the deal Koenigsegg Group takes over all shares in Saab from GM, which means that GM completely leave its ownership position in the new Saab. It was previously speculated that GM might wish to retain a minoritetsdel of perhaps 10 percent.

TT: Why did it not so?

“I can not enter such details, but we have signed a aktieköpavtal which includes certain conditions of the agreement should be honored, and we expect it to be completed within a few months,” says Halldora von Koenigsegg, married to Christian von Koenigsegg and himself engaged in Koenigseggruppens business.

The most important condition is that the state guarantees a loan from Bank of 600 million U.S. dollars, around 4.3 billion. Is not the Swedish government in the affair, it may scupper the whole weight.

But GM also promises in the agreement now signed to continue to cooperate with Saab. The companies have, so to speak, the children of technology, as platforms and similar, for a long time.

This should be solved through licensing and service, explains in a press release from GM, Saab, and Koenigsegg.

“There are certain things that fall under GM’s commitment to make it an end in the store,” says Halldora von Koenigsegg to TT.

Funding is still höljt in a haze even if it purports to be resolved to 70 percent.

TT: How will you get the rest.

“The greater part is in port, it’s about 30 percent remaining of the funding will be covered up. It hopes to solve during the final phase of negotiations.”

Koenigsegg has to be as helpful as possible when it comes to present the total funding, “says Hagglund.

“It is not up to us to determine their business plan, but we want as far as possible avoid the risk of having to go into.”

If the amount of 720 million that the financiers themselves are reported to have invested in the deal with GM is big or small want Jöran Hägglund not comment.

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