Sources claim that Spyker is planning to sell Saab’s real estate to Russian investor

Article by Christian A., on April 11, 2011

Sources divulged that Spyker Cars NV is planning to sell Saab Automobile property to a company that Russian investor Vladimir Antonov controls. It will then be leased again to rescue the carmaker from going bankrupt. The talks are private but according to sources, there may soon be a decision from the Swedish government who has to yet approve the plan.

Saab will benefit from this deal as it offers a financial lifeline to Saab, which has been forced to halt production amid a payment dispute with suppliers.

The sources said further that the funding to purchase Saab's property would originate from one or more banks controlled that Antonov controls, either the Bankas Snoras in Lithuania or Latvijas Krajbanka in Latvia. Saab’s first suspension was announced on March 29 after suppliers halted delivering some of the components.

On April 4, Saab CEO Jan-Aake Jonsson said that Saab’s liquidity was strained further in the second half of the first quarter. He declined to provide details.

Spyker stock rose by 21% this year, meaning that the carmaker is valued at 84 million euros ($122 million). In a statement, Spyker said that it is in talks with a “financial institution," and that the outcome is unclear at this point. It also revealed that a deal would have to get the approval of the Swedish National Debt Office.

If you liked the article, share on:

Topics: spyker, saab

Comments

Recommended

November 17 is considered a very special day for Tesla, as this is the day that they revealed the highly anticipated Tesla Semi. But Elon Musk did not think the...
by - November 17, 2017
More details have emerged about the new sixth generation of the BMW M3 just as the German premium practically announced the end of the current-gen 3 Series with the unveiling...
by - November 17, 2017
All is set for Volkswagen’s plans to enter the electric vehicle game, as prompted by the so-called Dieselgate scandal. In fact, the German carmaker has already made a commitment to...
by - November 17, 2017
As BMW has already revealed, the next generation of the BMW M5 (F90) is a four-wheel drive high-performance sedan with overwhelming power output and torque at its disposal. However, it...
by - November 17, 2017
McLaren unveiled a one-off Gold - on - Black 720S at the 2017 Dubai Motor Show which will be on display throughout the entire stretch of this week’s event. The...
by - November 16, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries