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Swedish state takes over Saab part, a subsidiary of Saab automobile just sold

Monday, 03 September 2012

When the Saab sales deal went through as announced today, we previously reported that the sale of the company included the other Saab subsidiary Saab tool,. But it has emerged that the Swedish debt office had taken over that subsidiary.

It is still unclear whether the Swedish Debt Office, has received any money from pledges for the Saab Tools AB, which was part of the package, Nevs, the company that bought Saab wanted.

It is said that the reason has to do with the fact that the Swedish debt office which took the more profitable part of Saab when the company went into bankruptcy, Saab spare part has decided to hold it because the New company, Nevs has not show interest in adding Saab tool into its collection of the purchase.

The debt office think that they will hold the Saab tools for the Skr 2.2 billion which was used to pay as collateral when Saab took the loan from European Investment Bank (EIB).

But the spare part company, which has over a thousand distributors of spare parts around the world, is worth only 1.1 billion, according to the Swedish daily, Svenska Dagbladet.

Reports hold that the company has had problems in the U.S. and England with retailers seeking other suppliers as there was confusion about guarantees that apply to those who own Saab car was uncertain.

There is also counter argument that the value of Skr1.1 billion, might as well be obsolete because there has been confirmation that supplies would be guaranteed.
by Scancomark.com Team