Youngman places a bid for Saab

Several Swedish newspapers stated that Youngman had placed a bid for Saab, after the receivers handling Saabs bankruptcy stated that discussions were being held with 4-5 interested parties that had the intention of buying Saab out of bankruptcy. Parties that publicly have shown interest are Youngman, Mahindra and Mahindra and the Turkish private equity firm Brightwell Holdings.
However the decision began in September 2011, following the bankruptcy of Saab's parent company Swedish Automobile N.V. (owners of the sports car manufacturer and former F1 team, Spyker) of the Netherlands, which had plans to sell Saab to two Chinese car firms, Pang Da and Youngman. However on December 19, 2011; GM cancelled the buyout.


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