"Koenigsegg no longer needs any extra loan from the Swedish state but can handle the financing with the help of GM and new investors," a source close to the matter said in the beginning of September, commenting on the development of negotiations.
"They have presented us with a plan ... we will look at it from our side and decide how credible it is," Hagglund was quoted as saying by the source. "As I understand it, they will present information on the matter in the coming days."
He added that the Swedish government is looking into giving Koenigsegg guarantee for a loan from the aforementioned bank. The funds are being perceived as being vital for the takeover. The deal is expected to complete a deal by the end of the month, even if GM is a bit more pessimistic and forwarded the end of the year as a deadline.
Talks between the involved parties are developing fast, as Koenigsegg CEO, Christian von Koenigsegg, said.
“From our perspective, it was actually quite fast. It was only about eight or nine weeks ago that we started getting into the details of Saab, and now we’ve reached so far to sign a Share Purchase Agreement. We have great plans for the future of Saab. We’ll be doing our utmost to build an exciting, strong company, and of course that’s good for the Saab employees as well."
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