Trollhättan, Sweden: Swedish Automobile N.V. (Swan) announces that it entered into a memorandum of understanding with Pang Da and Youngman for the sale and purchase of 100% of the shares of Saab Automobile AB (Saab Automobile) and Saab Great Britain Ltd. (Saab GB) for a consideration of EUR 100 million.
Final agreement between the parties is subject to a definitive share purchase agreement between Swan, Pang Da and Youngman, which will contain certain conditions including the approval of the relevant authorities, Swan’s shareholders and certain other parties. The consideration of EUR 100 million will be paid in installments. An important consideration for Swan to enter into the transaction is the commitment of Pang Da and Youngman to provide long term funding to Saab Automobile.
The administrator in Saab Automobile’s voluntary reorganization, Mr. Guy Lofalk, has withdrawn his application to exit reorganization. The MOU is valid until November 15 of this year, provided Saab Automobile stays in reorganization.
Source: Saab press release
- Home
- Swedish Automobile sells Saab Automobile AB and Saab GB to Pang Da and Youngman for EUR 100 million
-
Swedish Automobile sells Saab Automobile AB and Saab GB to Pang Da and Youngman for EUR 100 million
byGolfhunter- View Profile
- View Forum Posts
- Visit Homepage
- View Articles
Published on 28 October 2011 12:26 Number of Views: 1481This article was originally published in forum thread: Saab reorganization news thread started by Golfhunter View original post
Google Ads
Events
Latest Forum Posts
Saab 95 NG Front Seat Heated Seat Control Module P/N 13502042
Good Morning All
Ballylickey03 1 Day Ago
I have just purchased 2 Heated Seat Control Modules P/N 13502042.
I have already changed the heated seat pads on bothCan I keep HID shutters open?
I have a 2004 9-3 Aero with the HIDs. They work, the self-leveling works, the bulbs are new, the lenses are clear, but they are very, very dim. When I
pinchvalve 5 Days AgoFacebook
Amazon
Feedjit