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Thursday, January 19, 2012

Turkish bid for Saab is close

According to Bloomberg, the before mentioned turkish private-equity firm Brightwell Holdings will bid for Saab in the near future. They didn't specify the date, but indicated, that they will need around 2 weeks from now to place a bid, which is around start of the second week of February.

They would like to buy the whole "Saab package" and are in talks with Saab for several weeks now.

Ex-CEO of Saab Victor Muller claimed before, that he was in talks with Brightwell Holdings. Brightwell confirms talks with the administrators as well as with Muller. What about GM ?

Any transaction will need approval of GM as well as the Swedish government and the European Investment Bank.

You can read the whole article here.

Sources : Bloomberg via Saabsunited.

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