As a direct result of NEVS 'acquisition of Saab Automobile AB, the Swedish state is preparing to acquire Saab Parts AB of Nyköping. This is reported by several sources in Sweden. For us, Saab drivers and Saab partners, that's good news on a day that did not go as hoped. Because the Saab Parts AB remains in stable and secure conditions, the supply of our cars with spare parts remains secured.
The Saab Parts AB is profitable and served the state, as well as the Saab Tools AB, as collateral for an 2.2 billion crown loan from the EIB to Saab Automobile AB. Since the investors were unwilling to pay the required price, the Parts AB will become state-owned and, as previously announced, will be further developed. Saab Parts AB has more than 1000 partners worldwide, and using the existing infrastructure for other brands is one way we hear from Sweden.
Whether NEVS paid the purchase price for Tools AB, allegedly 500 million kroner, to the Swedish National Debt Administration is not certain, information is not yet available. Swedish friends have reported that with the start of production in Trollhättan, Parts AB will also be reintegrated into the group, so the new owner wants to use the infrastructure, but today we see many question marks there. A few weeks ago, the new owner NEVS announced that he wanted to rent the services of Saab Parts AB, which provides the help desk for our vehicles, among other things.
We stay tuned and a summary of the events and their potential implications follows as soon as the desk is a little emptier.