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NINETY EIGHT REGENCY

Russian businessman still eyes Saab stake, report says

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Russian businessman still eyes Saab stake, report says

December 16, 2010 09:31 CET

STOCKHOLM (Reuters) -- Russian businessman Vladimir Antonov still hopes to get a piece of Saab, now owned by Dutch supercar maker Spyker Cars NV, according to a report in a Swedish newspaper.

Antonov was ousted from the original deal with General Motors Co. earlier this year claiming he faced "surreal allegations of alleged 'economic crimes', 'money laundering' and other false horror stories.' "

Instead Antonov lent 100 million euros ($133.2 million) to Spkyer and employed private investigators to prove he was suitable to return as a shareholder in the newly formed group.

Swedish newspaper Svenska Dagbladet said Antonov had commissioned a report by consultants IPSA International and that the report had found no criminal activity linked to Antonov.

"We are currently negotiating with GM on various possibilities," Antonov was quoted as saying when asked whether he was still interested in buying into Saab.

Antonov said he had confidence in Saab's future, despite a reduction in the sales forecast for 2010.

Read more: http://www.autonews.com/apps/pbcs.dll/article?AID=/20101216/ANE/312169994/1198#ixzz18I1Wai1J

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