Saab pays the workers, avoids bankruptcy for now - Torque News

08/05/11


FRANCE 24

Saab pays the workers, avoids bankruptcy for now
Torque News
... payment to avoid bankruptcy. Saab was able to pay these workers by welcoming a new investor to the company as GEM Global Yield Fund Ltd. purchased a 17% stake of Swedish Automobile for roughly 5 million shares – equaling roughly 7 million Euros. ...
Hand-to-mouth Saab avoids fresh bankruptcy threatReuters

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