Saab Reorganization Continues After Court Approves

ZEEWOLDE, THE NETHERLANDS – Saab’s parent company announced that the Swedish court in Vanersborg approved the continuation of the voluntary reorganization process. The approval came after a meeting of the companies’ creditors earlier this week.

This approval follows the recent news that Chinese companies Pang Da and Youngman said they plan to purchase Saab for EUR 100 million.