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Pang Da and Youngman Agree to Buy Saab for EUR 100 Million

ZEEWOLDE, THE NETHERLANDS – Saab’s parent company Swedish Automobile N.V. (Swan) entered into a memorandum of understanding with Pang Da and Youngman for the sale and purchase of 100 percent of the shares of Saab Automobile AB (Saab Automobile) and Saab Great Britain Ltd. (Saab GB) for EUR 100 million.

Head of Saab Reorganization Wants to Terminate Process

TROLLHATTAN, SWEDEN - Although Saab has received a funding commitment from North Street Capital, the administrator of the voluntary reorganization of the company in Sweden said he will apply for termination of the process.

Saab Files for Protection From Creditors in Swedish Court

ZEEWOLDE, THE NETHERLANDS - Saab said the proposed voluntary reorganization will be a self-managed legal process, under Swedish law. Saab Cars North America and other overseas subsidiaries are excluded from the reorganization.

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