Bernard Ecclestone confirms plans to bid for Saab
By Andrew C., 27 Aug, 2010. 0 Comments
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Formula One Chief Executive Officer Bernard Ecclestone has partnered with Genii Capital, a Luxembourg-based private-equity firm, to make a bid for Saab Automobile. In a telephone interview, Ecclestone described Saab to be a "good brand that has probably been neglected by the current owners." In an e-mailed statement, Genii Capital said that due to the short timeframe for finalizing its offer, it will "aggressively work towards a successful closing of the transaction with all the relevant stakeholders of the company." [via autonews]
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