According to a report in the Financial Times, US private equity firm North Street Capital has agreed terms to buy Spyker Cars from its parent, Swedish Automobile. Details of the transaction were not carried by the London-based daily, which claims that North Street will make an official announcement later on 29 September.
As per a draft release which the FT claims to have seen, the North Street deal will cause no conflict with the ongoing restructuring efforts of Swedish Automobile towards Saab Automobile.
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Author: Glenn Brooks
