Sweden’s National Debt Office (SNDO) has today (5 July) written to the government concerning Saab’s plans to sell and lease back its property.
A statement from the SNDO said: “The SNDO’s assessment is the state still has collateral to cover the guarantees provided, also without a pledge of shares in the current property.
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“The SNDO considers it is possible for the state to release the mortgage limits in the property company Saab Automobile Property. [A] Decision on the issue will be taken by the Government.
A consortium of Swedish real estate investors, led by Hemfosa Fastigheter (the consortium) is believed to be the purchaser of 50.1% reflecting an adjustment to the transaction price for a one-year lease-free period, although no confirmation is yet available.
The Swedish government was not immediately available for comment.
