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, August 15, 2011

Swedish Automobile issuing more shares to raise money

According to a press release from Saab, Swedish Automobile, which is the parent company of Saab, is issuing more share to raise money. The buyer of the shares is GEM Global Yield Fund Limited.

This time 4 million shares are being issued. With the stock price of today this will bring in around SEK 40 million.

"This will give us more money to cope with the short term problems," Gunilla Gustavs from Saab told Swedish Radio P4.