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 all the latest Saab reviews, news and video

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