Saab get crucial 400 million euros EIB loan
Quote from the article:
AMSTERDAM, Feb 12 (Reuters) - Spyker (SPYKR.AS) moved closer on Friday to completing its audacious $400 million buyout of struggling automaker Saab, winning approval for a key loan and shareholder agreement to combine two money-losing enterprises. The European Investment Bank (EIB) approved a 400 million euro ($547 million) loan to Sweden's Saab, a key condition that needed to be be fulfilled before Spyker can buy the maker of the 9-3 and 9-5 automobiles from General Motors [GM.UL]. The approval came on the same day as Spyker shareholders met in the Netherlands to approve the deal and were told by Spyker Chief Executive Victor Muller that they combined company will seek to list its shares in London and Stockholm. |
Source: Saab get crucial 400 million euros EIB loan
