The National Debt Office has decided to take ownership of Saab Automobile Parts
AB. The company has since the bankruptcy of Saab Automobile AB, been owned by
the bankruptcy estate. The takeover is done by assumption of a pledge of all the
shares in the company and will take a few weeks.
- Parts is an independent and solid company that currently provides Swedish
spare parts for Saab passenger cars. The Swedish Government will be a stable
owner aiming to develop the company further, says the Director General Bo
Lundgren.
The National Debt Office has requested the Swedish Government to transfer the
shares to the Ministry of Finance and the state ownership division. Proceeds
from a sale of the company and dividend income will accrue to the guarantee
reserve of the Debt Office in accordance with the Finance Act (2011:203) and
Regulation (2011:211) on loans and guarantees.
About the Government as a company owner:
http://www.government.se/sb/d/2112/a/19792
In February 2010 the National Debt Office issued guarantees to Saab Automobile
AB for a loan by the European Investment Bank. After the bankruptcy in December
2011 the National Debt Office became the largest creditor in the bankruptcy
estate. As security for our claim, we have had pledges of shares in the parts
company Saab Automobile Parts AB and the tool company Saab Automobile Tools AB.
Press Contact:
Linda Rudberg, Press Officer, +46 8 613 45 38
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Source: Riksgälden via Thomson Reuters ONE
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