Time and time again, China’s Youngman tried, without success, to acquire Sweden’s now defunct Saab, but it looks like an eligible bidder may have finally entered the circle with a opportunity to get the company.
Little is well known regarding the newly-named firm, but former Volvo Trucks head Karl-Erling Trogen is reportedly charge bidder. The organization, has been said for being backed by a Chinese-Japanese consortium with 245 of their 500 shares belonging to an ambiguous company called Sun Investment and 255 held by Mikael Kubu, the President of Sweden’s second-largest attorney.
Until recently, the foremost bidder has been a Chinese firm called Youngman, but repeated attempts to buy the failed company were foils for varying reasons. One of the largest was that former Saab owner, GM, refused to co-operate with the sale over fears that sharing its technology would compromise its own interests in the Chinese market.