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Antonov breaking @ SU Posted by JohnA [Email] (#426) [Profile/Gallery] (more from JohnA) on Thu, 12 May 2011 15:14:19 In Reply to: Toronto Star quote, JohnA [Profile/Gallery] , Thu, 12 May 2011 08:02:15 Members do not see ads below this line. - Help Keep This Site Online - Signup |
BREAKING NEWS Vladimir Antonov interested in 1 billion SEK investment
by TimR on May 12, 2011
According to SvD (English translation) who has spoken to Lars Carlström, Mr. Vladimir Antonov wants to invest 1 billion SEK (€111.4 million) into SAAB. Mr. Antonov feels frustrated with not being let into Saab. As far as we can understand, he is in a process with the EIB to get an approval as a part-owner. In the article, Lars states that they don’t understand why the process is taking so long.
“The NDO has already given its recommendation to let Mr Antonov into Saab. We would have been grateful if the Swedish Government would show support for this and issue some kind of guidelines for how they feel, but this they have not done,” Lars said.
According to Lars Carlström, Mr Antonov has capacity to enter with half a billion SEK but as much as 1 billion to safeguard Saabs future.
“Considering the small amounts of money needed for Saab to have a working business its nothing in the context. This is coffee-money!”
On the question of if it may be too optimistic to get the business working in the long-run, Lars answers that sure it will take more money to do that but getting the company up and running, no astronomic amounts are needed. Vladimir Antonov has in excess of its own capital a partner close by who also is interested.
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