Saab automobile’s factory sale moving up the right direction as expected


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Monday, 20 June 2011
A new buyer has emerged for the Saab automobile’s factory sale. The interested buyer is a Real estate company, Hemfosa, which is ready to pay more than Skr 290 million for the Saab factory in Trollhattan as Saab automobile continues the quest for funding.

According to the Swedish business daily, Dagens Industri, the Russian financier Vladimir Antonov had negotiated a price tag of Skr290 million for the Saab factory, but recently withdrew from the deal.


Now Hemfosa, which is owned by, among others, the Fj�rde (Fourth) AP Fund and Folksam, is ready to bid higher. According to the paper, Hemfosa thinks that it can "recoup" the acquisition of Saab property for about Skr300 million, even if the car manufacturing in the premises ceases.

There is talks that the deal between Saab and Hemfosa would have be ready on Friday of last week, but Saab's CEO and owner Victor Muller announced a conference call with the subcontractors. The conference call was at very short notice so everything had to be shelved.

Subcontractors are said to be called for a new conference call on Monday, according to sources which spoke with the paper.

Saab has large debts to suppliers and production was stopped again for about two weeks ago. A sale of Saab's real estate is at present an "absolute must for the company," said several sources to Dagens Industri.
By Team

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