Saab Automobile Creditors Accept Saab’s Debt Reduction & Ability To Extend Reconstruction

Posted on 29. May, 2009 by in 2000-2009

I just received an e-mail from the folks at the Vanersborg court which have some good news. Saab Automobile AB’s 600+ creditors accept the debt reduction and therefore are allowed to extend their reconstruction until August 20th.

Saab Automobile filed for this extended reconstruction on May 20th
and have been patiently waiting for today’s notice, so this should be another milestone passed for the new Saab Automobile to prevail sometime in June.

Here is the official three-page document received by Saab History this morning. This is another very good day for Saab Automobile,

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