Sweden says received Pangda application for Saab stake

Newswire

STOCKHOLM, May 23 (Reuters) - Sweden's Debt Office said on Monday it had received an application from Chinese car distributor Pangda to take a stake in Spyker-owned Saab cars. Debt Office spokeswoman Marja Lang said the application had been received sometime during the weekend. She said it was hard to say how long the process would take. "I guess a few weeks," she said. "Previous times it has taken a few weeks, with other companies."

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