Banner

- - -

JOBS

EXECUTIVE JOBS

INVEST IN STOCKHOLM NEWSLETTER

SWEDISH WIRE NEWSLETTER

EMBASSIES/
CONSULATES
IN SWEDEN

RSS FEEDS

STOCKS

FLIGHTS, HOTELS AND HOLIDAYS

- - -
Investment opportunities

Tips from an insider: Five innovative tech startups

Tips from an insider: Stockholm tech start-ups

5 hot life science firms in Stockholm

Stockholm's top five infrastructure projects

Four Stockholm-based ICT firms to watch

Stockholm pioneers life science research

ICT startups offer investment opportunity

Swedish companies ready for exit

Five med-tech investment opportunities

Six cleantech investment opportunities

- - -
Rankings and surveys

Sweden tops English-language skills ranking

Sweden ranked world's best country to grow old

Swedish passport world's best for travellers

Sweden second best country for mothers

Stockholm climbs in competitiveness rankings

Sweden among best countries to be born

Fortune: 'Stockholm top place for startups'

Sweden tops first global Web Index

Sweden world's second most innovative country

Stockholm world's 6th 'best city'

'Cool Stockholm' most competitive Nordic capital

Sweden has (second) best reputation in the world

Sweden among top in Internet download speed

Sweden scores highest in 'Rule of law index'

Stockholm world's No1 in intellectual capital

Sweden the world's most ICT-competitive country

Sweden great place for moms – but Norway better

Swedes place 4th in English skills ranking

Sweden among top ICT countries

Sweden’s 10 greenest brands

‘Sweden needs to sell itself more’

Sweden overtakes the US in competitiveness

Sweden 10th ‘most admired country globally’

Sweden climbs in 'doing business' ranking

Sweden among world's least corrupt nations

Sweden's mortality rates world's second lowest

Sweden a good place to die – but Britain is best

Children in Sweden have best lives

Sweden the most competitive EU nation

Safe to do business with Swedes

How Sweden became an innovation frontrunner

Nordic countries world's most food-secure

Sweden the world’s best country – politically

Swedish firms among world's top brands

Swedish brands climb in global ranking

Sweden tops government ranking - while US lags 

'Swedish model' outranks 'American dream'  

Sweden among world's least corrupt nations

Dutch billionaire backing Spyker's Saab bid

Dutch billionaire John de Mol is said to be the mysterious financier backing up Spyker's renewed bid for GM's Saab.  

Related news:
Spyker extends its offer for GM’s Saab
Emergency plan for Saab's hometown Trollhättan
Doubts about Spyker's renewed Saab bid
Spyker renews offer for GM’s Saab

A Dutch billionaire is behind Dutch sportscar maker Spyker's last-ditch bid to buy ailing Swedish carmaker Saab from US automaker General Motors, Swedish and international media sourced said.

The Dutch business daily Het Financieele Dagblad writes that the mysterious financier is 54-year-old Dutch media tycoon John de Mol. He has clear connections with Spyker as his investment company Talpa previously owned one-third of the sports-car maker.

John de Mol also has the financial muscles needed to finance the acquisition. He has created a fortune with the production company Endemol, that he owns together with Italy’s prime minister Silvio Berlusconis’s company Mediasat. His private equity fund also owns significant shares of football team Manchester United and telecommunications company Versatel. In 2005, Forbes magazine named him as one of the 500 richest people in the world.

However, Dutch newspaper De Telegraaf writes that 50-year-old Marcel Boekhoorn, who bought a 5.7 percent stake in Spyker in 2007, may be the man backing up the deal as he has been in several meetings with the Spyker management recently. Marcel Boekhoorn denies the rumor as "made up".

Spyker renewed its bid for loss-making Saab on Sunday, two days after GM broke off talks with the Dutch group and said it would begin winding down the iconic Swedish brand.

Representatives from GM and Spyker held fresh talks on Spyker's new bid on Monday in Stockholm.

Swedish press reports have suggested that one of the main reasons GM agreed to resume the talks was that the Dutch group had addressed GM's hesitations over Spyker's Russian investors.

Svenska Dagbladet reported Monday that Spyker's main investors with a 29.3 percent stake in the company, Vladimir and Alexander Antonov, were no longer behind the Dutch group's bid for Saab.

And on Tuesday, the paper said Spyker's second-biggest investor, Abu Dhabi state investment fund Mubadala Development, which owns 22.7 percent of Spyker, was not involved in the bid for Saab either.

The paper also said GM had also been concerned about letting technical know-how go to Russia.

"The risks involved with letting Saab's technical know-how go to Russia also played a role," it said.

GM has refused to comment on Spyker's renewed bid.

The Dutch group announced late Monday that it was extending its offer for Saab, initially valid until Monday at 2200 GMT, "until further notice."

Swedish media have previously reported that one of the main changes in Spyker's renewed bid is that it has said it does not need a European Investment Bank loan before the end of the year in order to pursue its bid.

GM has said it wants to sell Saab before the end of the year.

Last Updated (Tuesday, 22 December 2009 16:11)

 

Latest Jobs for English speakers in Sweden

Banner

Jobs for English speakers in Sweden

Banner
Banner
Most Read Searched  
Banner
Banner
Banner