SAAB · ·

SAAB issue new shares worth 214 million dollars


Company “Swedish automobile”, the owner of the Swedish “Saab“, said the issue of new shares in the amount of 214 million dollars  (150 million euros) to help the automakers. The statement said that the company will issue four million new shares of an existing contract with the investment fund “GEM Global Yield Fund Limited”, AP news agency reports.


The Fund will purchase shares at market value, which will “Saab” bring about 5.8 million (4.1 million euros) at the current share price. “Saab” is a problem to provide funds to pay salaries to employees, and to restart production after a few months break. Saab said it will continue talks to raise additional funds.

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