EIB approves Saab Business


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Monday, 04 July 2011
The thorn in the flesh of Saab, the European Investment Bank (EIB), has finally approved the Saab's property sale business, said the bank and reported by most Swedish media networks. The deal will give Skr255 million to the ailing financially tight car manufactuere.

P�r Isaksson, press officer for the Nordic and Baltic countries of the EIB said that the "real estate transaction has been approved,"

He would not however, say at what level within the bank the decision was made, or exactly when.


"We have approved it, any other comments, we do not have!,” says P�r Isaksson.

The Swedish Debt Office on its part commented on Saab's sales of industrial properties in Trollhattan to a property consortium led by Hemfosa before the deal was confirmed that “we are working on it”

"Happy," says Eric Geers, Director of Communications at Saab. He dare not say whether the relatively rapid announcement from the Bank can influence the Debt Office and the Government to accelerate the decision-making process.
"We believe that the Debt Office can come up with their answer later today or tomorrow,” he added
By Team

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