European Union regulators have said they would review Swedish authorities’ plan to guarantee a EUR400m (US$562million) European Investment Bank (EIB) loan to Saab as soon as possible.

Of the guarantee amount, 82.8% would have to be scrutinised by the European Commission to see whether it complied with state aid rules, commission spokesman Jonathan Todd told Reuters.

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“The remaining 17.2% is considered to be remunerated at market terms and hence deemed as no aid,” he said, adding: “The commission intends to complete rapidly its assessment of the case.”

The loan is seen as key for Spyker’s purchase of Saab from General Motors.

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