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GM deal finalized
Posted by Jon Erik Nordstrand, Goteborgs UB (more from Jon Erik Nordstrand, Goteborgs UB) on Mon, 31 Jan 2000 08:49:47
About 5 hours ago Investor made public a press release saying that GM and
Investor now has agreed that GM buys the remaining part of SAAB Automobile
for 125 milj USD.
Formally, the deal is not final until it has been approved by the European
Union, but that should not be a problem.
However, SAAB has a loan of appr 500 milj USD from Investor. The interest
is something like 8%. I think they are still fighting about the value of
this loan, but for the time being Investor will continue to borrow SAAB
this amount.
Jon
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