General Motors Co.’s Saab Automobile division moved closer to receiving state backing for its sale to Koenigsegg Group after Sweden sought European Union approval for the terms of a proposed loan guarantee. Saab’s sale depends in part on the division receiving a $600 million European Investment Bank loan backed by the government.
Source: Bloomberg
Wednesday, October 7, 2009
GM's Saab Closer to Sale as Sweden Seeks EU Approval
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