General Motors reached a deal last week to sell Saab to Koenigsegg Group AB.
The companies signed a stock purchase agreement that would give the group 100% of Saab’s shares, GM Europe said in a statement.
Koenigsegg Group is a consortium of private investors that includes Koenigsegg Automotive AB, a tiny Swedish maker of $1 million supercars.
The Swedish government is negotiating with Koenigsegg on a possible guarantee for a loan to Saab from the European Investment Bank.
Forster said that the deal is contingent on this funding being arranged. Swedish daily business newspaper Dagens Industri reported last week that Koenigsegg Chairman Augie Fabela said 3 billion Swedish Kronor ($413.6 million US) of financing were still required in addition to the EIB loan.
