Spyker is set to be announced as the buyer of Saab at a press conference this evening.
A conference has been scheduled for 19.15 CET this evening - 18:15 UK time.
The deal is reported to have been signed with GM today, with news agency Bloomberg saying it has an emailed statement from Spyker confirming the sale.
Spyker intends to change its name to Saab Spyker Automobiles. Spyker's chairman, Russian banker Vladimir Antonov, has reportedly sold his shares to an equity firm owned by Spyker CEO Victor Muller.
Reports suggest Spyker will give GM $75 million (£47m) for Saab, while GM will keep another $100m (£62m) in current Saab liquidity, and $325m (£210m) in preferred shares from the new, Spyker-owned Saab company.
Earlier this afternoon Dutch financial authorities announced that trading in Spyker shares was suspended, prompting speculation that a deal to purchase Saab is about to be announced.
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Re: Spyker announcement at 18:15
Now all they need to do now is transfer the production to Coventry for these cars too......
Re: Spyker announcement at 18:15
how strange, i watched that for the first time in a long time just last night
Anyway, great news about Saab! Will be interesting to see how they develop under Spyker
Re: Spyker announcement at 18:15
In the frozen land of Nador, they were forced to eat Robin's minstrels; and there was much rejoicing.