The sale of Saab by General Motors to Spyker Cars could be completed this week, Bloomberg News reported, citing two executives involved with the deal.
Spyker officials were said to have met with GM lawyers in Stockholm yesterday. The proposed sale cleared its final regulatory hurdle earlier this month when the European Investment Bank approved a EUR400m (US$544m) loan.
Go deeper with GlobalData
A Spyker spokesman indicated a deal could be finalised as early as today.
GM has previously said it wants to complete the deal by the end of the month. It is disposing of the Saab, Hummer, Pontiac and Saturn units to cut its brands to four from eight, keeping Chevrolet, Buick, GMC and Cadillac, mostly for its home market.
Spyker agreed on 26 January to buy Saab from GM for $74m in cash and $326m in preferred shares in the new company and other considerations.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
