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Antonov aware EIB won’t allow him as owner in Saab

Posted on 3148 July 2011 by FernanV in Business

STOCKHOLM, July 28 (Reuters) – Vladimir Antonov has been
informed that the European Investment Bank will not allow him to
invest in ailing Swedish carmaker Saab (SWAN.AS), a spokesman
for the Russian businessman said on Thursday.

“We have known for a few weeks,” Antonov’s spokesman Lars
Carlstrom told Reuters.

The EIB, which has loaned Saab money and therefore has a
veto right in ownership issues, has not made any formal
statement about Antonov’s application for approval as a
shareholder.

Carlstrom said Antonov still wanted to be an owner in Saab
and was working on a way to repay the EIB loan in order to be
able to take a stake in the Swedish car firm, owned by
Dutch-listed Swedish Automobile.

Originally Published On: www.reuters.com – Original Article Here

FernanV

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