Spyker is “well-positioned” to acquire General Motors' ailing Saab unit, rival bidder Genii Capital said.

Related news:
• Spyker near an agreement to buy Saab

After talks between General Motors and Dutch sports carmaker Spyker in Stockholm Friday a deal just might be within reach.

Even rival bidder Genii Capital, backed by Formula One mogul Bernie Ecclestone, said that Spyker seems to have a good chance to land the deal.

"We believe that Spyker is well-positioned in this deal and I would expect an outcome early next week," Lars Carlström, a spokesman for Luxembourg-based investment firm Genii, told Reuters.

GM considers Spyker’s 500 million dollar offer of cash and preferred shares in the new Saab to be adequate, according to Bloomberg.

A declaration by GM and Spyker could come as early as Monday.

Last Updated (Saturday, 23 January 2010 16:54)

 
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