schreef:
GM's secret conditions2011-04-28 19:06The car factory in Trollhattan was reached on Thursday by the relatively good news - both the Debt Office and General Motors can imagine Vladimir Antonov as co-owner of Saab. But with GM's news also follows certain conditions.
"What we have said is that we have reached an agreement with Saab, which could allow Mr. Antonov to become shareholders, but everything depends on the Saab meets certain conditions as they are well aware, "said James Cain, who works with fine financial news General Motors to di.se.
When di.se asks if GM is looking to get rid of their preference shares James Cain avoids answering the question and says it is for Saab to reveal the terms.
"We try to at least keep some aspects of the negotiations confidential,"he says, but admits the only reason GM is in discussions with Saab is that they own the preferred shares.
A knowledgeable source tells di.se it's just preference shares as the terms involved. GM is reportedly interested in getting rid of them and the conditions should be about Saab buying shares. If GM no longer owns any preferred shares in Saab, the Swedish automaker completely independent of the American giant, in addition to the fact that GM still is a major supplier.
Saab's CIO Eric Geers says he can not go into what the conditions are about, but adds that he does not think it will be a big deal for Saab to meet them.
"I think the most important component of the whole, the EIB and hopefully they will say yes, " he says.