Saab Automobile Update

Trollhättan, Sweden: Management of Swedish Automobile N.V. (Swan) and Saab Automobile AB (Saab Automobile) confirm that the reorganization is progressing and that a first payment by Youngman under the bridge loan funding commitment as announced on September 12 was received by Saab Automobile.

Further payments under the amended and final bridge loan agreements signed between Youngman and Saab Automobile are expected to be made during this week and by October 22 of this year. It is the intention to repay the bridge loan with the proceeds of the EUR 245 million equity investments by Youngman and Pang Da, which are still subject to approval by relevant authorities and parties which Swan expects to receive during the next weeks.

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Comments (3) TAGS Trollhättan / Reorganization / Saab Automobile / Swedish Automobile / Pang Da / Youngman

Comments

P. Gonda

I just can pray to God that he give the help You need !!!
SAAB must stay alive, it is a brand that deserves to be member of the club of fine quality automakers.

# 1

October 13, 2011
herman

Is there a visiting date available for visit the factory in 2012??
I drive a 900 S 2,3 1997 245000 KM today.
Kindly inform me tthe possibility for a visit
Best regards
Herman

# 2

October 17, 2011
Gerri

That's way the bestest awsner so far!

# 3

October 19, 2011