[Subscribe to Daily Digest] |
 | [Main General Bulletin Board | BBFAQ |
Prev by Date | Post Followup ]
Member Login / Signup - Members see fewer ads. - Latest Member Gallery Photos
Translated into English... Posted by BAAB [Email]  (#1214)  [Profile/Gallery]
(more from BAAB) on Mon, 5 Sep 2011 23:08:36
In Reply to: Antonov back in?, JohnA   [Profile/Gallery]
, Sun, 4 Sep 2011 19:16:23
Members do not see ads below this line. - Help Keep This Site Online - Signup
|
Thanks to: t-r-a-n-s-l-a-t-e-.-g-o-o-g-l-e-.-c-o-m....
The Swedish Saab automobile negotiating with several lenders for a loan to pay off the credit line of 400 million euros, kept open by the European Investment Bank (EIB). The cancellation is necessary for the Russian tycoon Vladimir Antonov to land in the capital.
John Ferrari - Madrid - 05/09/2011 - 07:00 The delicate financial situation of the Nordic Saab could find a solution in the coming days or weeks, according to sources close to the car. Joining the company of billionaire Vladimir Antonov, who announced his interest last April, would provide the capital cushion needed to develop an ambitious plan to launch new models designed by the current owner, Victor Muller.
However, to allow the landing of the Russian investor needs to liquidate the company's first credit line of 400 million signed with the European Investment Bank was under the guarantee of the Government of Sweden. The Executive Scandinavian law imposed as a condition to oppose any move shareholding in Saab. And he has disagreed with the Russian entry into the Swedish manufacturer.
To this end, Swedisch Automobile-Muller founded the company that owns the Swedish manufacturer Saab and Spyker sports Dutch who brought himself Muller is completing these days with several financing institutions to close the EIB loan and therefore guarantee freedom from the Swedish Government and its right of veto over Antonov. The sources, however, reveal how entities and is negotiating the terms of the loan.
While waiting for the Chinese
In parallel, Muller is negotiating a bridge loan which ensures that liquidity Saab until the Chinese authorities approved the operation of the Swedish manufacturer Youngman Automobile dealer and the largest Asian country, Pang Da Automobil. The agreement gives access to the Chinese industrial and distributor who will stay with just over 50% stake in Saab, and instead create two joint venture that will sell and manufacture new models sets in China. However, the operation has not yet been closed for bureaucratic reasons, according to company sources explained.
When the transaction materializes, the manufacturer will Youngman Swedisch 29.9% of Automobile, Pang takes another 24% and 46.1% remaining will be in possession of Victor Muller and investment funds. If finally landed the Russian tycoon, could keep 30% of the company which has been speculated an outlay of 110 million euros. But first he must rid of the veto imposed from the Swedish Government.
Spyker, the sports division, is still for sale
Victor Muller, owner of the Dutch sports car manufacturer Spyker, persuaded in 2010 to General Motors, Saab's former owner, to sell him the car and not shut it down as intended. And also got support from the Swedish Government to the operation. But the road has since been plagued by conflict. It has even raised the possibility of a default, much like the United States to restructure the company, a possibility that has not been ruled out. Today the factories in Sweden stand for non-payment to suppliers and delays in payroll.
In search of liquidity, Muller is selling Spyker sports brand, which could also stay Vladimir Antonov.
, Sun, 4 Sep 2011 19:16:23, Mon, 5 Sep 2011 23:08:36 <-- Viewing This Message, Sun, 4 Sep 2011 20:47:46
No Site Registration is Required to Post - Site Membership is optional (Member Features List), but helps to keep the site online
for all Saabers. If the site helps you, please consider helping the site by becoming a member.
 |
 |
 |
 |
 |
