IMPORTANT NEWS: National Electric Vehicle Sweden has agreed to buy the assets of Saab Automobile and the sale is expected to be finalized during the summer.

Monday, April 11, 2011

Updated: Spyker Cars in discussions to sell Saab's real estate property

Update I: more information from The Wall Street Journal
Update II: added some more info from Bloomberg and TTELA

Swedish TTELA writes today that Spyker Cars is in disussions to sell Saab's real estate property and enter into a lease agreement with the buyer.

Spyker Cars has a press release where they comfirm that they are in discussions with a financial institution on the sale and lease back of Saab Automobile's real estate property. In the press release it is said that the outcome of the discussion is still uncertain and that a sale must be approved by the Swedish National Debt Office.

According to The Wall Street Journal, the financial institution in question is controlled by Vladimir Antonov.

For a good summary of the current situation, check out MarketWatch.

Bloomberg writes that two people familiar with the situation have confirmed that the financial institution is indeed controlled by Antonov and that the Swedish Government may make a decision to approve the sale later today. The funding to the purchase would likely come from Bankas Snoras in Lithuania or Latvijas Krajbanka in Latvia.

In the meanwhile the Saab factory will also be closed on Tuesday and Wednesday, TTELA reports. The worker will stay at home. 

More announcements are expected to follow shortly.