ttela.se featured an article today stating that the money from Youngman for the Phoenix platform is already on the way and will most likely arrive at Saab’s accounts this week.
The even more interesting part of the article is that the Phoenix technology only seems to to be a collateral and is not sold right away – you can read it from the press release, but it’s said much clearer here:
Technology License Agreement, including a separate company established in Holland and who also received the Chinese authorities’ blessing, involves the use of Phoenix technology for next-generation Saab models as collateral to obtain funds from the future owner Youngman.
If Saab can not pay back the most respondents Skr 650 million to get Youngman access to the Phoenix technology, but not the exclusive ownership. But if Youngman is the owner and make an equity investment dissolve this contract up. The Chinese owner may then make a new negotiating for access to the Phoenix technology if you want to use it to their own production.