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And behind door number 2 is Brightwell
Posted by JTMav [Email] (more from JTMav) on Thu, 19 Jan 2012 10:45:26
In Reply to: Youngman to buy Saab, start producing NG 9-3 in 15, JTMav, Thu, 19 Jan 2012 05:25:17
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Brightwell Holdings BV, a Turkish private-equity firm, said it plans to bid for bankrupt Swedish carmaker Saab Automobile and revive its manufacturing.
“We will make a bid very shortly, there’s no question,†Zamier Ahmed, a board member of the Istanbul-based group, said today in a phone interview.
Brightwell, which invests in energy, transport and technology, wants to buy all of the Trollhaettan-based carmaker and plans to keep production in Sweden, Ahmed said from London. His firm is in discussions with the administrators overseeing Saab’s bankruptcy as well as with Saab Chief Executive Officer Victor Muller, Ahmed said.
Saab, owned by Zeewolde, Netherlands-based manufacturer Swedish Automobile NV (SWAN), filed for bankruptcy on Dec. 19 after running out of cash. Production at the plant in Trollhaettan stood still for most of last year starting in March. The company can emerge from bankruptcy if a viable bidder comes along, Muller said last month.
Brightwell will need at least two weeks before submitting any offer as it’s still evaluating Saab’s assets, including inventories, to decide how much to pay, Ahmed said.
Any transaction will require approval from Saab’s former owner, General Motors Co. (GM), as well as the Swedish government and the European Investment Bank, Ahmed said.
posted by 198.240.13...
Posts in this Thread:
- Youngman to buy Saab, start producing NG 9-3 in 15, JTMav, Thu, 19 Jan 2012 05:25:17
- And behind door number 2 is Brightwell, JTMav, Thu, 19 Jan 2012 10:45:26 <-- Viewing This Message
- Woohoo! n/nm, nwas, Thu, 19 Jan 2012 10:31:09
- James is correct, the 9-3 will be de-GM'd but looks, JTMav, Thu, 19 Jan 2012 08:01:18
- not exactly., James, Thu, 19 Jan 2012 06:00:22
- So, who exactly are they buying it from?, B Millar , Thu, 19 Jan 2012 05:42:26
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