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, January 2, 2012

New Year, new possibilities

Another year and another work week. Now that both the Christmas and New Year celebrations are over, we can expect more intensive work on selling the assets in the Saab bankruptcy estate. And hopefully a deal to sell the whole group of Saab companies can be reached.

So far the following companies seem to be in the race to buy parts of Saab or the whole business: From China Youngman and Dongfeng, from Turkey Brightwell Holdings and from India Mahindra & Mahindra.

All seem to be strong competitor. We know that Youngman got a head start since the company knows Saab and Saab's assets well after negotiating with Saab since January 2011.

But I wouldn't be surprised if many Saab fans hope that the huge Indian company Mahindra & Mahindra will be interested in acquiring all of Saab and continue the operations in Sweden. But during Christmas we got the disturbing news that the bankruptcy administrators had canceled a meeting with M&M because their representative in Sweden was Lars Carlström. Carlström was previously spokesman and representative of the Russian businessman Vladimir Antonov who is under the suspicions of fraud. But to Swedish newspaper GT the bankruptcy administrator Hans Bergqvist says that they are aware that the Indian company is a large company, and they are open to discussions:

"I know that it is a large and reliable company and we are not closing any doors," administrator Bergqvist said to GT.

And by saying that Bergqvist also more or less confirmed that the Indian company is Mahindra & Mahindra.