Spyker quells Saab speculation

Reports that Saab will be sold to Spyker imminently are gathering pace, following reports that a Spyker car has been delivered to Saab’s Trollhattan museum.

Although the reports remain unconfirmed, they come from renowned Saab enthusiast website saabsunited.com.

However, Spyker moved to quell speculation, issuing a statement that read: "Spyker confirms that talks are ongoing, the outcome of which is still uncertain. As Saab is currently in liquidation talks must end soon."

Despite this, reports suggest that Spyker is prepared to replace chief backer Convers Group, a Russian-backed company, with finance from Dutch billionaire Marcel Boekhoorn.

Swedish televsion show Rapport has also said that Spyker will present its purchase of Saab at a press conference later today.

GM is reported to have insisted it wouldn't deal the Convers Group, and such a move would relieve one of the remaining stumbling blocks currently standing in the way of a deal’s progress.

In addition, the Swedish government was reported to have offered loan guarantees to assist potential purchasers of Saab. However, a government spokesman denied this on Monday afternoon.

"No, there was no decision on Saab," Frank Nilsson, press secretary to enterprise minister Maud Olofsson, said after a cabinet meeting.

On the back of this news shares in Spyker have soared by nearly 30 per cent this morning, and reports now suggest that a deal could be done as early as today.

Tony Cook

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