Key investor in Koenigsegg sells his stake
By Andrew C., 30 Aug, 2010. 0 Comments
North American investor Mark Bishop, who owned the second largest stake in Koenigsegg, has sold his 22% stake in the supercar manufacturer to a new owner. Negotiations with General Motors in its takeover of Saab are not believed to be affected.
Reports have come out saying that Bishop is pulling out because of the publicity over Koenigsegg‚ offer for Saab. Saab, GM and Koenigsegg are all set to meet again this week to discuss further details about the takeover. A deal is expected to close by the end of September. According to the source of these reports, Saab's management is very positive that, together with the Koenigsegg Group, they will be able to present adequate collateral to get this loan.
[via autocar]
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