Ecclestone’s Genii Capital submits a revised offer for Saab
By Andrew C., 27 Aug, 2010. 0 Comments
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"Financing is not an issue for this group," according to Lars Carlstrom, a spokesman for Genii Capital that submitted a revised offer to get the opportunity to buy Saab. Luxembourg-based Genii Capital, along with Formula One mogul Bernie Ecclestone, intends to buy Saab from General Motors Co. Dutch luxury carmaker Spyker and a group of Swedish investors also submitted offers. Lars Carlstrom, spokesman for Genii, expressed confidence that the new bid "will show GM that the Ecclestone group is capable of providing financial strength to Saab during a long period of time. Carlstrom added that he would be demonstrating that the group has the know-how and capability, with its network, to run a company like Saab. [via businesweek]
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