Saab's reorganisation continues

UPDATE: The following press release has just been issued.

District Court APPROVE REORGANIZATION Voluntary Continuation

Zeewolde, The Netherlands, 31 October 2011 – Swedish Automobile NV (Swan) announces that the District Court in Vanersborg approve the continuation of the voluntary reorganization of Saab Automobile AB and its subsidiaries Saab Automobile Powertrain AB and Saab Automobile Tools AB following the creditors meeting of this morning.

——

I don’t have any further details on this, but I’ve just noted a tweet from one of my colleagues at Saab:

Good news. We continue on with our approvals and reorganisation.

——

You can read a detailed copy of the Preliminary Reorganisation Plan at this link (pdf).

A summary is available via pres release at this link.

You may also like

1 Comment

Leave a Reply

Your email address will not be published. Required fields are marked *