Rare good news from Saab pushed owner share up in a choppy stock market


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Thursday, 04 August 2011
Swedish Automobile, formerly Spyker cars which owns Saab saw this morning its shares going up by over 40 percent on the stock exchange in Amsterdam, why because of the rare good news coming out of the company yesterday and today.

News from the Swedish business daily, Dagens Industri that a major American investor is planning to become a part owner of Saab Automobile, took the market by storm.


The newspaper quotes an anonymous source as saying that the company hopes that the agreement must be finalized by the end of the week or the within the weekend.

Also, Eric Geer at Saab's information department explains the rise of Swedish Automobiles shares with media information as that a U.S. investor is coming closer to Saab.
“Probably, it depends on the speculation about a U.S. investor. The news has gone to Holland, anyway,” he said.
But he rejects giving defecto information about the issues of a new shareholder.

“Of course we are looking for a way to strengthen Saab's financial position,” says Geer.
He could not comment further where Victor Muller is right now but said that he has been in the USA.

By Team

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