I know we’ve got a couple of lawyers and M&A people tuning in here.
Maybe you can give us the benefit of your expertise?
DI.se are saying that it is Mark Bishop who is the one leaving the Koenigsegg Group (we called it early) and other papers seem happy enough to pick up their report and run with it.
Bishop was a 22% owner of the Koenigsegg Group and I assume that he doesn’t have the freedom to just take his money and leave. Wouldn’t he be obliged to sell his holding someone rather than just leave the group under-funded?
I’m firm in the belief that Augie Fabela is the main mover and shaker in this group, despite holding no direct stake himself. His connections in Russia were always going to be players in this venture IMHO.
I’ll wager that Bishop’s stake means that one of these potential connections comes out of the shadows and into the light – perhaps it’ll even be Fabela himself.
You expertise is welcome, experts.
As Karen noted in comments, there are remarks in the WSJ from Paul Akerlund (head of the union and straight shooter who’s generally very well informed in the European style) and Saab’s own Gunilla Gustavs.
“…Paul Akerlund, who represents IF Metall, the biggest union at Saab, also expressed confidence the deal is on track.
“For us the important thing is that we feel comfortable the buyer is a group that has the financial muscle [to lead saab in the future] – and we are feeling comfortable,” he said.
He also criticized the government’s liasion, Joran Hagglund, who’s a state secretary in the Enterprise Department, for discussing the negotiations in the media.
“I think it’s very strange that a state secretary comments on business negotiations between two private companies,” Akerlund said, adding it “only fuels speculation.”
Hagglund didn’t immediately return a message seeking comment. …
Akerlund said Saab is not planning to apply for an extension. Saab’s Gustavs, however, said it remains to be seen and that “Saab will leave reconstruction when it’s right for the company to do so.”
Now I don’t know exactly what Akerlund’s privy to, but in 4+ years of writing this website and it’s predecessor, I’ve never known him to be wrong.