Genii Capital Optimistic Saab Will Be Sold

Although General Motors has already started winding down Saab, both Spyker and Genii Capital, a.k.a. the two interested bidders that are still in the race for buying the Swedish unit, are confident that a deal could be reached soon. After Spyker's CEO expressed his confidence that a final decision is to be made in the near future, Genii Capital is sure that Saab will be after all sold.

On the other hand, the Luxembourg-based financing firm is quite reticent when it comes to its chances to securing a deal with General Motors and only says that both Spyker and Genii have chances to buy Saab.

"We are still optimistic that a deal can be concluded with one of the parties," said Lars Carlstrom who is supervising the negotiations, according to Reuters. "As we understand it, the wind-down is on hold until a statement from GM on the sale ... we're still hopeful."

In the meantime, both companies are continuing negotiations with General Motors and hope than an agreement can be reached soon.

Rumors surrounding negotiations claimed that Genii Capital and Spyker might be interested in submitting a joint bid that could better fit GM's requirements. While Spyker replied with a clear "no" when asked whether such a scenario is possible, both General Motors and Genii refused to comment on the matter.

"Obviously we have seen various press coverage about the [Saab] bid, but we don't have any comment on anything like that," a Spyker spokesman told just-auto a few days ago in a statement.