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The deadline for Saab automobile bid today

Tuesday, 10 April 2012
Today is a milestone for Saab Automobile's trip through bankruptcy as the stakeholders that want to buy the estate must submit their final bids today.

Repost hold that a handful of interest groups made up of the Chinese Youngman, and Indian Mahindra are front runners to take the battered company and could turn it back to a real company making real cars.

What is known today is that Saab automobile owe debts to the tone of about Skr12 to Skr13 billion. It is not clear whether those interest have now changed their minds after the debt levels of Saab was disclosed last week.  What ever the case, the Saab situation will be known soon.

Lastly, many creditors are likely to go empty-handed because the company’s debts far exceed their assets.
By Team

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