Our Swedish thriller continues. Something is happening for Saab not only in China. The signs are becoming clearer. Saab, or “Swedish Automobile” is negotiating with European banks to replace the EIB loan.
Specifically, the profitable spare part subsidiary should be pledged as collateral. Patents and toolmaking are also under discussion as collateral. So far, these companies have been placed on the EIB as collateral.
The value of the spare parts subsidiary is estimated at 3,5 to 4 billion crowns, since there are 1 million Saab on the roads of this world, which are very durable. The EIB loan is currently 2,2 billion crowns.
For Saab, the replacement of the EIB loan would be the salvation in dire straits, as the Luxembourg loan is the millstone on the back of the car manufacturer. The entry of Vladimir Antonov as a minority shareholder would be secured, and the short-term financing would be regulated. The assembly plant in Russia would become a reality, we would finally see running belts in Sweden.
Saabblog.net could finally write about fascinating cars from Trollhättan instead of daily business news 😉. That'd be wonderful.
However, it is not yet that far. The price of Saab's mother “Swedish Automobile” has been going down steadily for days. We are currently trading at € 1,61 today. However, the share is still far from the historic low of € 0,96.
Let's keep our fingers crossed for Sweden that the negotiations are going well!