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Koenigsegg silent over ownership rumours

TT/The Local · 13 Aug 2009, 18:36

Published: 13 Aug 2009 18:36 GMT+02:00

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Jöran Hägglund, state secretary at Sweden’s industry ministry, met with Koenigsegg Group this week to discuss the proposed deal.

"We have received a report and have encouraged them, to the extent possible, to be as open and accessible as possible in replying to this type of question," Hägglund told news agency TT.

Rumours have abounded since late last week that one of the owners of the Koenigsegg Group has sold his shares. American board member Mark Bishop, who owns 22 percent of the company, is rumoured to have offloaded the shares just as Koenigsegg enters into late stage negotiations over the proposed purchase of Saab Automobile.

But Koenigsegg Group is so far refusing to discuss developments within the firm.

"I am unable to comment on that," said Halldora von Konigsegg, CEO of the Koenigsegg Group consortium and wife of Koenigsegg Automotive's CEO and founder Christian von Koenigsegg.

Jöran Hägglund, the government's chief negotiator in the Saab deal, has been criticised by trade union leaders for causing unnecessary concern by speaking openly about his understanding that changes were afoot within the Koenigsegg Group. But Hägglund has defended his statement.

"The tax payers are the ones guaranteeing the loan and there is a major public interest regarding the people and groups involved," he said.

Story continues below…

Halldora von Koenigsegg said the Koenigsegg Group was reaching the closing stages of its negotiations with the Swedish government.

"Our ambition is for it to be ready as soon has possible, so we hope to have reached a conclusion within the next few weeks. But there are a lot of things under negotiation that will have to fall into place," she said.

TT/The Local (news@thelocal.se)

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Your comments about this article

19:24 August 13, 2009 by Leprehcaun
The Swedish version included a statement from the other American in the group. He said something that I interpreted that he, if necessary for the deal, will step in and take over Bishop's place in the group. Maybe I got that wrong though, the idea is that the Swede will be the biggest owner (=D, finally it's Swedish again!).

GM.. hasn't been the best owner of Saab really but if they make it Swedish I don't care what they have and haven't done and I'm really grateful to the Norwegian and American/Americans who will make this happen. I seriously hope it will work our for Volvo.. that's more important.. How many thinks Volvo will become Chinese owned?
10:28 August 14, 2009 by Nemesis
During engotiations of this type, there is usually a preliminary agreement to cover negiations, which bars all parties involved from discussing aspects of the deal, so asking for a comment is pointlessly stupid.

Jöran Hägglund obviously should not be involved in negotiations of this type. He should be fired as he is a hinderance, due to making public comments.

I do hope that Koenigsegg is ultimately sucessful in bringing Saab back under European control. Koenigsegg has some very interesting ideas, as well as showing how far envormentally friendly fuels can be pushed in the automotive industry. There patents show they are ready for the next generation of eco cars and have the potential to lead the pack very early on that one.

It is unfortunate an European buyer has not been found to bring Volvo directly back under European control again.
19:24 August 14, 2009 by falcon

GM chose a silly buyer with no experience, little capital, and way to secretive. Bad for Saab. Bad for Sweden. Saab needs experts! This would be funny if it wasn't so sad!

The Government should insist on dumping Koenigsegg! I give Hägglund credit for being open as the Government should. He can't help this is a bad buyer and bad deal for Sweden.
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