According to Svenska Dagbladet, the conditions for selling Saab Automobile Property AB, are more or less fulfilled. Saab and the National Debt Office have agreed on the principles this past weekend. There are just a few details left to sort out. This will happen tomorrow and then the Swedish Government will give it's final approval of the deal. Then the European Investment Bank will have the final say, and it is expected that they will say yes and it will happen sooner rather than later.
Furthermore, Svenska Dagbladet also writes that the price for the properties will be around SEK 900 million, which is approx. the market value. The first payment will be SEK 300 million. In other words, a good price.
Swedish Radio reports that Saab has not paid the rent on their old transmissions factory in Gothenburg. So I guess that's another debt that needs to be dealt with as soon as the fresh money is in the bank.
A blog fueled by enthusiasm about Saab, the greatest car company between the North and the South Pole. And their cars, which probably is the only cars that would start on a cold and crispy South Pole morning.
