Although its takeover of Saab isn't believed to be affected
11 August 2009

A key investor in Koenigsegg has sold his 22 per cent stake in the Swedish supercar manufacturer, although its negotiations with General Motors regarding its takeover of Saab are not believed to be affected.

A source close to the deal told a Swedish newspaper that North American investor Mark Bishop has sold his stake in the supercar manufacturer to a new owner.

“A new owner has taken over his shares and the negotiations between General Motors and Koenigsegg Group continue according to plan,” said the source.

Bishop had the second-largest stake in Koenigsegg and some Swedish reports said he is pulling out because of the publicity over Koenigsegg's offer for Saab.

Saab, GM and Koenigsegg all plan to meet again this week to discuss further details about the takeover and the deal is expected to close by the end of September.

“Saab's management is very positive that, together with the Koenigsegg Group, they will be able to present adequate collateral to get this loan,” said the source. Twitter - follow autocar.co.ukSee all the latest Saab reviews, news and video

Add your comment

Log in or register to post comments

Find an Autocar car review

Driven this week

  • Lexus LC500
    Car review
    20 October 2017
    Futuristic Lexus LC coupé mixes the latest technology with an old-school atmospheric V8
  • Maserati Levante S GranSport
    First Drive
    20 October 2017
    Get ready to trade in your diesels: Maserati’s luxury SUV finally gets the engine it’s always needed
  • Jaguar XF Sportbrake TDV6
    First Drive
    19 October 2017
    The handsome Jaguar XF Sportbrake exhibits all the hallmarks that makes the saloon great, and with the silky smooth diesel V6 makes it a compelling choice
  • Volkswagen T-Roc TDI
    First Drive
    19 October 2017
    Volkswagen's new compact crossover has the looks, the engineering and the build quality to be a resounding success, but not with this diesel engine
  • BMW M550i
    First Drive
    19 October 2017
    The all-paw M550i is a fast, effortless mile-muncher, but there's a reason why it won't be sold in the UK