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Wednesday 05 December, 2012


Debt Office takes ownership of Saab Parts

Debt Office takes ownership of Saab Parts

The National Debt Officehas decidedto takeownership ofSaab AutomobileParts AB. The company has sincethe bankruptcy ofSaab Automobile AB, been owned bythe bankruptcy estate.The takeoveris done by assumption of apledgeof all the sharesin the company andwill takea few weeks.

- Parts is an independent and solid company that currently provides Swedish spare parts for Saab passenger cars. The Swedish Government will be a stable owner aiming to develop the company further, says the Director General Bo Lundgren.

The National Debt Office has requested the Swedish Government to transfer the shares to the Ministry of Finance and the state ownership division. Proceeds from a sale of the company and dividend income will accrue to the guarantee reserve of the Debt Office in accordance with the Finance Act (2011:203) and Regulation (2011:211) on loans and guarantees.

About the Government as a company owner:

In February 2010 the National Debt Office issued guarantees to Saab Automobile AB for a loan by the European Investment Bank. After the bankruptcy in December 2011 the National Debt Office became the largest creditor in the bankruptcy estate. As security for our claim, we have had pledges of shares in the parts company Saab Automobile Parts AB and the tool company Saab Automobile Tools AB.

Press Contact:
Linda Rudberg, Press Officer, +46 8 613 45 38

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(i) the releases contained herein are protected by copyright and other applicable laws; and
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information contained therein.

Source: Riksgälden via Thomson Reuters ONE


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