Saab says it has narrowed down potential buyers to just two according to CEO Jan-Ake Jonsson, who told the Swedish daily newspaper Dagens Industri that negotiations with one of these could start this week.
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He added that negotiations could be completed within two weeks and that a letter of intent with a “serious buyer” could be ready before mid-June.
The loss-making unit, put up for sale by its ailing U.S parent earlier this year, said last week it would reveal its preferred candidate of the three undisclosed remaining bidders within weeks.
Local media, citing undisclosed sources, have reported the two front-runners were Swedish luxury carmaker Koenigsegg and U.S. financier Ira Rennert and his Renco Group, with Italy’s Fiat as the third suitor.
The Swedish carmaker, which first sought protection from creditors in February, was granted an extension until Aug. 20 in its re-organisation process to line up a new owner and restructure.
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