Koenigsegg countdown to seal Saab deal

TT/The Local
TT/The Local - [email protected]
Koenigsegg countdown to seal Saab deal

The buy-out of Saab Automobile by the Koenigsegg Group hangs in the balance after co-owner Bård Eker states the company could withdraw if business is not concluded in the next few days.


According to an article in business daily Dagens Industri the deal is at risk of caving in. "If things aren't in place by September 30, then we are out," Eker told Norwegian newspaper Dagens Næringsliv.

Eker also told Swedish Radio there are many milestones to be reached if the deal is to be settled by Wednesday.

They include negotiations with the European Investment Bank (EIB) over a loan of around four billion Swedish crowns as well as discussions with Sweden's National Debt Office (Riksgälden) to secure the EIB loan.

Saab intend to use the money to develop new technology in the areas of environment and security.


Join the conversation in our comments section below. Share your own views and experience and if you have a question or suggestion for our journalists then email us at [email protected].
Please keep comments civil, constructive and on topic – and make sure to read our terms of use before getting involved.

Please log in to leave a comment.

See Also