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Hammarskiöld & Co represents GM in relation to the sale of SAAB

June 2009

Hammarskiöld & Co represents GM Europe AG in relation to the ongoing sale of SAAB Automobile AB with a team headed by Peder Hammarskiöld, Senior Partner. Other members of the team from the firm include Carl-Johan Deuschl, Partner, Erik Fahlgren, Senior Associate, Peder Grandinson, Senior Associate and Christina Blomkvist, Associate.

General Motors and Koenigsegg Group AB, a consortium led by Koenigsegg Automotive AB, have entered into a memorandum of understanding for the sale of Saab Automobile AB. The sale, expected to close by the end of the third quarter of this year, includes an expected $600 million funding commitment from the European Investment Bank (EIB) guaranteed by the Swedish government.
 
The sale will be subject to customary closing conditions, including receipt of applicable regulatory, governmental and court approvals.

 

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Legal Developments by:
Hammarskiöld & Co AB

  • Related party rules

    New Swedish closely related party rules for listed companies: On 31 January 2012, the Swedish Securities Council issued a new set of closely related party rules which may have a substantial impact on the business and ownership of listed companies in Sweden. Partners Peder Grandinson and Ulf Grubbström of Hammarskiöld & Co comment on the new rules and possible consequences thereof.
    - Hammarskiöld & Co

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