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Mystery Dutch billionaire behind Spyker bid: report

TT/AFP/The Local · 22 Dec 2009, 10:48

Published: 22 Dec 2009 08:46 GMT+01:00
Updated: 22 Dec 2009 10:48 GMT+01:00

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Neither of Spyker's major owners – Convers Group from Russia and Mubadala, the United Arab Emirates national investment company – are involved in the new bid, according to SvD.

The Dutch luxury sportscar maker had originally given Saab owner General Motors (GM) until 11 pm on Monday to respond to its offer. But several hours before the the appointed hour, Spyker announced that its deadline had been extended indefinitely.

The company confirmed in a statement that it had been in contact with GM during the day on Monday and will continue to work on its offer for the purchase of Saab.

Swedish press reports have suggested that one of the main reasons GM agreed to resume the talks was that the Dutch group had addressed GM's hesitations over Spyker's Russian investors.

Svenska Dagbladet reported Monday that Spyker's main investors with a 29.3 percent stake in the company, Vladimir and Alexander Antonov, were no longer behind the Dutch group's bid for Saab.

And on Tuesday, the paper said Spyker's second-biggest investor, Abu Dhabi state investment fund Mubadala Development, which owns 22.7 percent of Spyker, was not involved in the bid for Saab either.

The paper also said GM had also been concerned about letting technical know-how go to Russia.

"The risks involved with letting Saab's technical know-how go to Russia also played a role," it said.

GM has refused to comment on Spyker's renewed bid.

Story continues below…

Swedish media have previously reported that one of the main changes in Spyker's renewed bid is that it has said it does not need a European Investment Bank loan before the end of the year in order to pursue its bid.

GM has said it wants to sell Saab before the end of the year.

TT/AFP/The Local (news@thelocal.se)

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Your comments about this article

09:59 December 22, 2009 by gmaddalo
Whoever is he/she, the most important thing is to save Saab and the employees working for Saab.
10:20 December 22, 2009 by michalino
Hey Sweden wake up. Support the Spykers. They could sometines the smaller comapanies bring the best in work. It isn't important then the company is young without experiences. It's very important the willingness and readiness to do something!!! So you could save the work for your people.
11:32 December 22, 2009 by rahpor
Sources in the Netherlands say it's Marcel Boekhoorn, a dutch inverstor earned half a billion selling the Dutch Telfort company to KPN.

Currently estimated at 1,1 biljon in the Dutch Quote500
12:20 December 22, 2009 by ABuB
Help your brothers in times of crisis, otherwise you will have to help them late!! meaning YOU HAVE TO HELP THEM NOW or afterward it will be more DAMAGING than current crisis!!!
12:20 December 22, 2009 by Britswedeguy
Every time a US megacorp takes over a Nordic firm it ends in disaster - are they really that incompetant or is there an alterior motive?
13:00 December 22, 2009 by 2394040
Let's say that Spyker can actually meet all of GM's demands. If GM still refuses to sell SAAB, that can only mean that GM is taking its orders from a much higher authority. It wouldn't be the Swedish or US governments either, although officials of both of those governments are most likely involved.

Who knows? It is after all the Christmas season. Perhaps Santa Claus, in the guise of the New World Order, will grant SAAB's wish.

Although this would be very unusual for them to do so. They are generally totally ruthless in business dealings.

But perhaps their otherwise stone-cold hearts will, on this occasion, respond to the idea of "good will towards men". We can only hope.
13:08 December 22, 2009 by Bleeker
Europe, wake up and support this European project massively. If GM prefers to close down Saab instead of giving it a new chance, the European Union should penalize them.
13:35 December 22, 2009 by texasgubbar
Screw GM, they build crap. If they want to toss Saab into the trash, fine but then dont make conditions on who is allowed to pick up the pieces. If Russians are part of the deal then why not?, the Chinese are buying their Hummer trash.

Saab has been technological leaders in the auto industry since they started (until GM took control). They can do it again. Be a niche carmaker along the lines of Subaru.
16:30 December 22, 2009 by nielsl
Marcel Boekhoorn says there is no way he is behind this deal. Spyker has never been really succesful financially, but I think it could be a great venture, both companies are really edgy when it comes to technologies.
00:59 December 23, 2009 by falcon
If Spyker hasn't finished due diligence, how does the mystery investor know what he is investing in? Is he really committed blindly? Why did they need a rush job on a new investor? Just like Spyker, no transparency.
00:37 December 29, 2009 by Flying Scotsman
If GM do wind down SAAB, someone needs to purchase the brand name, this can be done as it has with Rover in the UK, then when the time is right the holder with the name has the legal right to brand the new production.

Let it sink and start from scratch with the name!
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