EIB Green Lights Saab Loan
This is the final step in a saga that held the headlines for the better part of 2009 and the entire 2010 and it represents Saab's second chance of becoming a force to be reckoned with.
"We have been saying all along it [the final transaction] will happen in February, but clearly all the pieces of the jigsaw are coming together nicely," a Saab spokesman was quoted as saying by just-auto.com.
"There is no official date to close the deal but it will be sooner rather than later. Everything from Saab's point of view is in place - the Spyker team had a number of things they had to do. Things are looking good."
Earlier today, Spyker announced it has received approval from its shareholders to go ahead with the purchase, with the overwhelming majority of shareholders backing the deal.
"We cannot wait to close this transaction now as soon as practically possible," said Spyker CEO Victor Muller. "We are extremely pleased with the decision by the EIB as this was a crucial component in enabling the acquisition of Saab to proceed. Months of hard work have paid off."
According to the projected deal, Saab will get a dual listing in Stockholm and London, as well as the confirmation of the plans to produce the 9-3, 9-5 and 9-4X models.