Saab, a Swedish car maker that filed for bankruptcy on December 19, is getting a lot of keen buyers including our very own Mahindra and Mahindra. Almost 5 companies from across the globe, including the Indian firm, wants to acquire Saab. "I can't comment on who we are in discussions with, but we are conducting dialogues with four to five interested parties who we consider are seriously interested," Hans Bergqvist said.
The intent of course is to sell the whole of Saab. "That is our main tack (since) we... will get the most value," he said. Bergqvist also added that administrators may also sell part of the business bit by bit.
Chinese carmaker Youngman was very keen on the buyout. In fact, a delegation from the Chinese company will soon arrive in Sweden tomorrow for talks. Besides them, Indian CV manufacturer Mahindra and Mahindra is also interested in the buyout and the company officials are already there to pursue the deal.
Brightwell Holdings, Turkish private equity firm has also made its interest clear. The companys board member Samier Ahmed said: "We will place a bid as soon as they (the administrators) are ready to accept bids."
Bergqvist is confident that the administrators will confirm the deal in a few weeks. "We have to (hurry) due to the economic situation we are in. To make it possible for someone to restart the activity again, we have to keep the factory in good shape, and that costs an incredible amount of money," he said.
M & M keen on buying Saab - Business Review India
The intent of course is to sell the whole of Saab. "That is our main tack (since) we... will get the most value," he said. Bergqvist also added that administrators may also sell part of the business bit by bit.
Chinese carmaker Youngman was very keen on the buyout. In fact, a delegation from the Chinese company will soon arrive in Sweden tomorrow for talks. Besides them, Indian CV manufacturer Mahindra and Mahindra is also interested in the buyout and the company officials are already there to pursue the deal.
Brightwell Holdings, Turkish private equity firm has also made its interest clear. The companys board member Samier Ahmed said: "We will place a bid as soon as they (the administrators) are ready to accept bids."
Bergqvist is confident that the administrators will confirm the deal in a few weeks. "We have to (hurry) due to the economic situation we are in. To make it possible for someone to restart the activity again, we have to keep the factory in good shape, and that costs an incredible amount of money," he said.
M & M keen on buying Saab - Business Review India
