China has scored yet another victory in terms of European companies. During the night, Swedish Automobile announced that it had reached an agreement with Chinese partners Youngmanm and Pang Da: 100% of Saab will pass to the Eastern partners, for 100 million euros. Change of course after a few days ago, the managing director of the Swedish group, Guy Lofalka, had hypothesized a break in the agreements.
The leaders of the Scandinavian car giant have therefore withdrawn the restructuring application presented to the Stockholm bankruptcy court to start the controlled administration. Now the Chinese can try to restructure the company and relaunch it on the market.
