Update: 19: 25 / 20: 24
It is not official yet. In Sweden, it is already through the press and a friend told me on the phone. GM still has to agree to the proposal. Most importantly, wages should be paid on Monday.
Saab Investor Youngman will probably take less than 20%, an international bank will step in and take over the shares originally intended for Pang Da. It is not yet known which bank it is, Several sources now call the Bank of China as a new Saab investor. The financial institution will definitely solve another Saab problem, I was told. The annoying EIB credit, which has taken the car maker in every way the air and has stifled any entrepreneurial freedom, will be replaced. Also, the non-voting preference shares that are in the GM owned, should be delivered to the financial institution.
Still, these details are not confirmed, but if the announcement comes true, Saab finally takes a big step towards the future.
In principle, the solution is similar to the one that was originally planned for in the summer, but the car dealer Pang Da is missing. The new investors are around 50% of the shares - if SWAN would keep shares in return, the stock exchange on Monday would be interesting. But that's speculation first. In any case, Saab's new business plan is finally taking effect. Several 100 million euros will be invested in Trollhättan.
In any case, the way seems clear and until a Saab press release and all confirmed, we can sometimes sip champagne or champagne carefully.
Good news, a good day for us and Saab. The new Saab week will hopefully be a better one than the last, last week.