SAAB

SAAB issue new shares worth 214 million dollars

Company “Swedish automobile”, the owner of the Swedish “Saab“, said the issue of new shares in the amount of 214 million dollars  (150 million euros) to help the automakers. The statement said that the company will issue four million new shares of an existing contract with the investment fund “GEM Global Yield Fund Limited”, AP news agency reports.

 

The Fund will purchase shares at market value, which will “Saab” bring about 5.8 million (4.1 million euros) at the current share price. “Saab” is a problem to provide funds to pay salaries to employees, and to restart production after a few months break. Saab said it will continue talks to raise additional funds.

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Goran Aničić
the authorGoran Aničić
For over 15 years, Goran Aničić has been passionately focused on Saab automobiles and everything related to them. His initial encounter with Saab cars took place back in 2003 when the first Saab 9-3 and sedan version were introduced. At that moment, he was captivated by the car's Scandinavian design logic and top-notch engineering, and everything that followed stemmed from that first encounter. Later on, through his work at the editorial team of the Serbian automotive magazines "Autostart" and later "AutoBild," he had the opportunity to engage more closely with Saab vehicles. In 2008, he tested the latest Saab cars of that time, such as the Saab 9-3 TTiD Aero and Saab 9-3 Turbo X. In 2010, as the sole blogger from the region, he participated in the Saab 9-5ng presentation in Trollhättan, Sweden. Alongside journalists from around the world, he got a firsthand experience of the pinnacle of technological offerings from Saab at that time. Currently, Goran owns two Saabs: a 2008 Saab 9-3 Vector Sportcombi with a manual transmission, and a Saab 9-3 Aero Griffin Sport Sedan from the last generation, which rolled off the production line in Trollhättan in December 2011.

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