Swedish Debt Office approves Saab Business


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Tuesday, 05 July 2011
Just as we reported in the morning, the Swedish debt office has approved Saab automobile’s business just after the EIB approved its operations.

As such the state has pledged to cover the guarantees provided for Saab and also pledged to support the part sales of Saab's real estate property, writes Swedish Debt Office in s a press release.


This means that the Debt Office has approved the deal and is now waiting for the government’s decision.
Earlier today, DHL Supply Chain in Trollh�ttan has announced an additional 22 employees to be terminated because of the Saab crisis. This adds to the 22 who were given notices in May as it was expected that thing will get better. Bu tit has turn to the worse.

The ministry of economy says that they will carefully look at what the Debt Office has prepared, and did not want to speculate when a decision could come.
"But the government tends to deal with such matters as quickly as possible," said a spokesman from the ministry of the Economy.

The real estate deal means that Saab sells 50.1 percent stake in its real estate. If Saab wants to sell more shares there will be no question of the state, that is, no new investigation will be carried out by the Debt Office.

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