This is your daily update on the story that is the survival of Saab. Today, we receive news that yet another party is interested in acquiring the Swedish car company, the third in as many days.
Swedish newspaper Dagens Industri confirms last month’s report that Indian conglomerate Mahindra & Mahindra is also interested in Saab. Mahindra, which already owns Korean carmaker SsangYong and wants to become “India’s first global cult brand”, joins China’s Youngman group and Turkish private equity firm Brightwell Holdings in bidding for Saab.
The receivers who have been appointed to handle Saab’s assets confirm that some companies have indeed expressed an informal, so far, interest.
“There have been no formal bids”, said receiver Anne-Marie Pouteaux. “We have had discussions with a number of interested parties. Some of them are interested in the factory as a whole and some of them are interested in parts of it”, added her colleague, Hans Bergvist.
Neither would disclose any names or which parts of Saab they want to buy, though Pouteaux stated that “We do have an objective to sell a totality (of Saab)”.
The coming week promises to be an interesting one for the future of Saab, so stay tuned.
Story Reference: Indiatimes
