Things are still progressing, and the fact that details of it are reaching the newspapers, means that reading the tea leaves is getting easier and more defined. =)
Today Di.se thinks that the great investor for the bridge loan could be a big European bank. Many may say that the European Banks have enough problems staying afloat, but maybe not.
After the jump you can find the Google version of the di.se article.
Major European bank could save Saab
There is a large European bank which Victor Muller is negotiating with about a bridging loan. Dagens Industry found out today.
On Tuesday told Peter Hallberg, CEO of Saab Dealers Association, that he had been told by Victor Muller that negotiations are under way with “a highly qualified and reputable financial institution” for a loan that could save Saab.
The agreement shall be in accordance with slips to be completed by the end of the week.
Now, sources of Dagens Industry say it will be with a large European bank, and that the securities Victor Muller has to leave is probably shares in the British company Saab Great Britain Ltd., or so-called alternative assets.
Update from Jeff:
This was posted from Bloomberg news a few minutes ago:
Saab Automobile…is close to securing a loan of about 1 billion kronor (US$157 million) to pay overdue salaries and avert a looming bankruptcy, three people familiar with the matter said.
The loan would be provided by one of the five biggest European banks, said one of the people, who declined to be identified because the talks are private. The loan will likely be announced as early as tomorrow, the person said.
They also reached Gunilla Gustavs for comment.
“We’re working intensely to find financial solutions,” Gunilla Gustavs, a Saab spokeswoman, said by phone today, declining to comment further.
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