Yesterday in Sweden that was Lucia celebrationwhich is very important to the Swedes. The Swedish community of Frankfurt had a reception in the Roman and representatives of Saab Dautschland were of course there. Perhaps the old faith brought the lights of enlightenment to one or the other negotiating partner in Stockholm yesterday. In the meantime the press in Sweden reports that the parties have converged and that the agreement is imminent.
It would be possible, writes Dagens Industri, a result on Thursday or Friday. Also on the fact that well over a billion euros in the next few years to Trollhättan flow is reported. In principle, what is reported largely coincides with our level of knowledge. Youngman will be involved in non-voting preference shares, I could imagine other forms.
If Youngman is without voting rights, then GM can (normally) raise no objections. However, there are other ways of hedging that could make the deal with Detroit even safer. Saab and the joint development company are financed through a bank from China, and Youngman provides collateral for the loans.
Whether it was Saint Lucia, the apparent insight has brought, or if it is the realization that the fish is still off the hook, no matter. Importantly, things are moving in Stockholm.
A ray of hope, not more. Only when the contracts are signed and money is in the Swedish accounts, only then there is cheers.
Until then, sit back, stay calm or pursue the best hobby in the world. Like me. I am now starting the second part of "Mission 9000" 🙂. Details following.