The European Investment Bank has approved the EUR 400 Million Dollar loan for Saab Automobile AB!
This monumental milestone is now going to help finalize the sale of Saab from GM to Koenigsegg.
The next steps in this loan process are for the European Commission to accept it, then for the Swedish Government to endorse the loan as a guarantor, then it’s a done deal.
Today is a great day, we should all look forward to the sales process being wrapped up shortly once the next few steps are completed.
Here is the official press release from the EIB’s website as Saab Automobile has yet to make a public statement.
21/10/2009
