Now despite previous fears, investors did came and Koenigsegg officials still claim the deal with GM regarding Saab's take over is still on the go. This Tuesday, Swedish business daily Dagens Industri reported that North American investor Mark Bishop just sold his 22 percent stake in Koenigsegg.
Bishop had the second-largest stake in the Swedish luxury car manufacturer and rumors say he is pulling out because of publicity over Koenigsegg's bid for Saab. But exactly this move, that seems to be contradictory to what most would have expected, looks to strengthen Koenigsegg's attempt to take over Saab. The deal which came over fears of lack of investors came in a time which seems to back up Koenigsegg's deal with GM.
“A new owner has taken over his shares and the negotiations between General Motors and Koenigsegg Group continue according to plan", disclosed a source to the Swedish newspaper.
The deal with GM reached back in June appears to be back on track, which is meant to close sometime during the end of the third quarter. The Swedish government is expected to meet this week with GM, Saab and Koenigsegg officials to discuss a “state guarantee for a 4.3 billion Swedish crowns (593 million US dollars) loan from the European Investment Bank (EIB), which would form part of the financing for acquisition”, reported Automotive News.
“Saab's management is very positive that, together with the Koenigsegg Group, they will be able to present adequate collateral to get this loan”, said the same source for the Swedish newspaper Dagens Industri.
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