Thursday 20 January 2022

Chinese firms to take over Saab

Chinese firms Pang Da and Youngman have reached agreement to take over Saab in its entirety, the car maker said in a statement on Friday.

The financially-strapped Swedish car group is currently owned by Amsterdam-listed Swedish Automobile, previously known as Spyker.
The Chinese firms are taking over all the shares in Saab for €100m, the statement said. The deal still has to be approved by the relevant authorities.
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