TTELA Reports: Spyker To Proceed To Next Stage

Posted on 15. Dec, 2009 by Ryan in 2000-2009

According to TTELA, Spyker is to proceed to the next stage in the process to buy Saab Automobile.

General Motors’ process to sell Saab Automobile has taken another step. The European Investment Bank (EIB) and the government have received support to go in depth with one of the stakeholders.

- I know that the bank has given a name to work with and we have also begun to look at the candidate who is the main track, says Joran Hagglund, state secretary at the Economy Ministry, told TT.

For Saab to be able to get the loan from Bank of 400 million, approximately SEK 4.2 billion, the new owner must meet the Bank’s review. Government and SNDO review is to examine whether the state should provide the necessary loan guarantees.

- We will include an economic analysis and see where Saab will enter the business image of stakeholders. For us, the same requirements apply as before - the taxpayers should not suffer,” said Joran Hagglund.

Tags: bank, Economy Ministry, General Motors, Investment Bank, Joran Hägglund, Saab Automobile, SEK, Spyker, State Secretary, TTELA