Swedish Automobile sells Spyker for 32 mln euros

Newswire

AMSTERDAM, Sept 29 (Reuters) - Swedish Automobile , owner of cash-strapped car-maker Saab, said on Thursday it will sell its niche luxury sportscar business to U.S.-based private equity firm North Street Capital for about 32 million euros, confirming an earlier media report. Swedish Automobile, which won bankruptcy protection in Sweden last week, said net proceeds from the sale of the Spyker sportscar business will be used to pay down debt. Amsterdam-listed Swedish Automobile announced in ...

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