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.
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.
