Saab-Koenigsegg deal in danger

Posted on Sunday, 16 August 2009 , 21:08:45 byEmil

Filed under saabgmkoenigseggswedishgovernmentinvestorsoldstakeKoenigseggSaabGM

Saab-Koenigsegg deal in danger

All the important news agencies report that a very important investor of Koenigsegg has sold his share of the company. This news comes after the reports that indicated the fact that the Swedish government has been investigating the investor base of the nice sports car brand Koenigsegg . Rumors even said that the Swedish government has found some problems with the company during their investigations. Mark Bishop, a North American business man, has sold his 22% stake in the Swedish sports car company Koenigsegg. A confidential source from inside the company has stated that ``A new owner has taken over his shares and the negotiations between General Motors and Koenigsegg Group continue according to plan``. According to the news agencies, Mark Bishop was the second most important investor of the Koenigsegg company. A meeting is scheduled to take place next week between the Swedish government and the three automakers involved in the deal, more precisely Saab , General Motors and Koenigsegg. The subject that will be on agenda for that meeting will be a state guarantee for a 4.3 billion Swedish crown (the equivalent of 593 million dollars) loan from the EIB (European Investment Bank) that would help to finance the deal. The same source from inside the company also stated that ``Saab`s management is very positive that, together with the Koenigsegg Group, they will be able to present adequate collateral to get this loan``.