Home
News
In Focus
Business
Metro
Nation
World
Sports
Feature
Opinion
View more »Opinion Columns
Wan LixinOpinion deputy editor of Shanghai Daily
Restaurants get off to a quick start thanks to game-changing policies
High service charges on event ticket refunds call for further regulation
Sunday
- Subscribe
Related News
Koenigsegg among final bidders for Saab
Source: Agencies |
June 15, 2009, Monday
|
Print Edition
Print Edition
ONE of the main owners of Sweden's Koenigsegg Automotive AB has confirmed that the luxury sports car maker is among the final bidders for General Motor Corp's Saab unit.
Baard Eker told Norwegian tabloid Dagbladet that although a final deal to buy the Trollhattan, Sweden-based GM subsidiary is not yet in place, his company would have the financial backing to pull the acquisition off.
"There have been many processes going on at the same time to get the buy together," he said, adding hurdles could still pop up before anything is finalized.
"We think it is possible and we have several good solutions to bring with us to Saab," he said. "But I don't want to comment on financial sums or who it is we have with us."
Earlier on Thursday, Swedish broadcaster SVT cited unnamed sources as saying Koenigsegg, along with Norwegian investors, had signed a declaration of intent to buy Saab.
Neither Saab nor Koenigsegg has confirmed the report that suggests it is already a done deal.
On Friday, Saab issued a statement saying "there has been no official announcement relating to any potential investors but rest assured our negotiations are on track."
Saab went into creditor protection on February 20 in an effort by GM to spin off or sell the unit. Saab confirmed last month that three bidders remained in the sales process.
The three bidders reportedly in the lead to buy it are Koenigsegg, Renco Group Inc, and Merbanco Inc.
Baard Eker told Norwegian tabloid Dagbladet that although a final deal to buy the Trollhattan, Sweden-based GM subsidiary is not yet in place, his company would have the financial backing to pull the acquisition off.
"There have been many processes going on at the same time to get the buy together," he said, adding hurdles could still pop up before anything is finalized.
"We think it is possible and we have several good solutions to bring with us to Saab," he said. "But I don't want to comment on financial sums or who it is we have with us."
Earlier on Thursday, Swedish broadcaster SVT cited unnamed sources as saying Koenigsegg, along with Norwegian investors, had signed a declaration of intent to buy Saab.
Neither Saab nor Koenigsegg has confirmed the report that suggests it is already a done deal.
On Friday, Saab issued a statement saying "there has been no official announcement relating to any potential investors but rest assured our negotiations are on track."
Saab went into creditor protection on February 20 in an effort by GM to spin off or sell the unit. Saab confirmed last month that three bidders remained in the sales process.
The three bidders reportedly in the lead to buy it are Koenigsegg, Renco Group Inc, and Merbanco Inc.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
