Friday, February 26, 2010

Russians Will Save SAAB

The company Spyker Cars N.V., the largest shareholder of which was a Russian businessman, Vladimir Antonov, confirmed acquisition of Saab Automobile AB.

Ownership was transferred on February 23, 2010. Saab stopped liquidation procedure, and management of the company was again given to the executive director of Saab Automobile, Jan-Ake Jonsson.

Saab Automobile and Spyker Cars will operate as subsidiaries under the parent company Amsterdam Euronext, registered at the exchange as Spyker Cars N.V.

Nat Lawyer
Unel Legal Consulting
www.unellegal.com

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