EUROPEAN INVESTMENT BANK CONFIRMS LOAN TO SAAB

Posted on 12. Feb, 2010 by in 2010-2019

The European Investment Bank officially confirms authorization of the EU 400 Million loan to Saab Automobile AB today according to their website.

To make absolute certain this is the official authorization we’ve been waiting for, Saab History confirmed this with the EIB on the telephone. Saab History will be receiving a follow up call from the EIB later today with more details to follow.

This is a great day for Saab as now everything’s in line for closing on Monday, February 15th.

Here’s their summary.

logo-eib_en

EIB loan to Saab

Date: 12 February 2010

The EIB has confirmed the authorization to conclude the EUR 400 m loan to SAAB Automobile AB in accordance with the terms and conditions approved by the Board of Directors on 21 October 2009 and to conclude the guarantee agreement with the Swedish National Debt Office, as the loan is subject to a state guarantee which the Swedish Government approved on 26 January 2010. The EU Commission approved the Swedish state-guarantee for the Bank’s loan to SAAB on 8 February 2010.

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7 Responses to “EUROPEAN INVESTMENT BANK CONFIRMS LOAN TO SAAB”

  1. AJM

    12. Feb, 2010

    Fantastic news, Ryan!

    Reply to this comment
  2. Ted Y

    12. Feb, 2010

    Looks like all the barriers have been knocked flat, and all that’s left is the signing. Simply great.

    Reply to this comment
  3. Ryan

    12. Feb, 2010

    Exactly, we’ve been waiting so long for this and today, it’s finally here!

    To a great weekend prior to seeing the ink dry on Monday with a deal completed!

    R

    Reply to this comment
  4. Kroum

    12. Feb, 2010

    Fantastic news indeed! Godspeed Saab Spyker! 🙂

    Reply to this comment
  5. karen

    12. Feb, 2010

    February 12, 2010 has Saab-Spyker (VM, JAJ et al) hitting the grand slam (best sports analogy I can think of)!

    I guess it is possible for Maud to smile today.

    Thanks Ryan and Saabhistory, and all the Save Saab convoys that surely helped.

    Reply to this comment
  6. dino Tramontini

    12. Feb, 2010

    Great news. Thx for keeping us all confirmed. Looking forward to the new Saab!

    Reply to this comment
  7. David

    12. Feb, 2010

    Valentine’s day may be 2/14/10 but for this Ohio SAAB guy , it’ll be 2/15/10 once the ink is dry . Thanks Ryan for your work on this in keeping us informed and ballanced. All SAAB people I’ve knowen for the last 33 years have been a good lot , you sir have a special place at the table. Thank you =)

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