Russia”s withdrawal of the investor saved Saab
American concern General Motors agreed to sell the Swedish automaker Saab niderlandskomu manufacturer of luxury sports car company Spyker Cars.
New European automaker, which appears after the acquisition for $ 400 million of the Netherlands Spyker Swedish company Saab will be called Saab Spyker Automobiles. Netherlands Spyker pay for Saab $ 74 million and another $ 326 million in the form of preferred shares, which will appear as a result of the planned merger. European Investment Bank (EIB) will provide the buyer a guaranteed loan to the Government of Sweden EUR400 million
The deal is expected to be completed by mid-February. If the deal did not, General Motors would have eliminated the Saab, which has been losing money for 19 of the 20 years that it is composed of General Motors. According to some reports, the assets of Saab, including plants, equipment and cash, currently estimated at EUR1 billion, and debt - EUR528 million in funds received from the sale of Saab, will enable General Motors by June to pay its own debt to the U.S. authorities and weaken their control.
Under the deal, Spyker will not be able to use the know-how for your own Saab models. The buyer will be a limited right to intellectual property Saab, its owner will General Motors. The Americans promised to supply the details and even send their own experts who can help in finalizing the model range Saab so far as such assistance would require the new owner. Spyker, will be able to use is still quite numerous dealerships Saab and savings to buy components.
Sale Saab has become possible only when the buyer agreed to reorganize, buying about 30% of its shares in one of the key investors - the head of “Converse Group” Russia”s Vladimir Antonov, who was co-owner of Spyker. Company Spyker had to get rid of Russia”s investors, because this was one of the key requirements for General Motors, most are state-owned United States.
Freedom from Russia”s investor costly Spyker. “General Motors would have preferred to eliminate the Saab, rather than sell its technology businessman in Russia, fearing that they then can be resold. Preparedness Guide Spyker get rid of an important partner of Russia at the request of American authorities, even if it is costly to the company, shows that Russia”s market not interested Netherlanders. It is more important to have a chance to place among brands of the world auto industry, which gives prominence Saab, preserved dealer network and the promise of support from General Motors.
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