I can’t find this one online as yet, but a friend with access to a Bloomberg terminal has spotted this on the wires:
Spyker Must Inject $414 Million Into Saab, Dagens Industri Says
2009-12-17 06:43:13.880 GMT
By Niklas Magnusson
Dec. 17 (Bloomberg) — Spyker Cars NV and Convers Group have to inject 3 billion kronor ($414 million) into Saab Automobile to be able to buy the Swedish automaker from General Motors Co., Dagens Industri said, citing people with knowledge of the sale.
If they don’t come up with that money, the European Investment Bank may not grant Saab the loan its has applied for and the Swedish government may choose not to give Saab state guarantees for the EIB loan, the Swedish daily reported.
This hasn’t been confirmed anywhere as yet, but sounds quite reasonable and normal. Koenigsegg Group faced similar questions and requirements, leading to the stake taken by BAIC.
Another twist in the tale or something they’ve known and have covered?