Reports say Koenigsegg is poised to secure deal
3 September 2009

Koenigsegg is close to securing the financing it needs to buy Saab from General Motors, according to press reports.

Swedish newspaper Dagens Industri said the funding for the deal is expected to be in place by next week, and will allow the takeover to proceed quickly.

"Koenigsegg no longer needs any extra loan from the Swedish state but can handle the financing with the help of GM and new investors," a source was quoted as saying.

Koenigsegg Group is a consortium of private investors that includes Swedish supercar maker Koenigsegg Automotive AB.

The Swedish government is still negotiating with Koenigsegg about a guarantee for a loan to Saab from the European Investment Bank, a precondition for the deal.

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