Spyker-Saab Automobile seeks listings in London and Stockholm as the European Investment Bank approved the 400-million-euro loan.

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Spykers chief executive officer Victor Muller said after an extra stockholder meeting Friday in the Netherlands that the company’s shareholders have approved the $74 million purchase of Swedish automaker Saab from General Motors.

The European Investment Bank said later the same day it had approved a 400 million euro ($547 million) loan to Saab.

The new company Spyker-Saab Automobiles will now seek listings on the London Stock Exchange and the Stockholm Stock Exchange, and delist from the Euronext Amsterdam exchange.

"Having a listing in London is a much better way of getting close to investors than staying in Amsterdam," he said.

Victor Muller said that he aims to make Saab profitable by 2012.

Spyker and GM reached a deal last month for the sale of Saab for 74 million dollars (54 million dollars) in cash and about 326-million-dollars' worth of redeemable preferred shares to be retained by the American giant.

Saab's future had been in doubt throughout 2009 as GM, going through bankruptcy, radically restructured its business and tried to sell off what it saw as non-core and unprofitable assets.

Spyker, a minnow in the global auto industry, manufactured 21 cars in the first quarter of 2009 and sold 23. It has a workforce of about 90 assembly workers while Saab has 3,400 employees in Sweden alone.

"The proposal to acquire Saab was accepted by the vast majority" at an extraordinary shareholders meeting held in Zeewolde in the central Netherlands, Spyker chief executive Victor Muller told journalists via a webcast.

"We held a vote and of the 8.4 million shares represented at the meeting, all of them voted in favour with the exception of 1,174 votes represented by the Association of Stock Owners, which abstained from voting."

The EU's competition watchdog on Monday approved Swedish plans to act as guarantor for an European Investment Bank (EIB) loan to automaker Saab.