STOCKHOLM, Sweden--(BUSINESS WIRE)--Jan. 31, 2000--Investor AB,
Sweden's largest industrial holding company, today announced that
Investor AB and General Motors have reached an agreement on the
complete transfer of Investor's 50% ownership in Saab Automobile to
the GM Group for a price of US$ 125 million, which was agreed upon in
Final completion is conditional upon EU Commission approval.
Investor's claims for debt on Saab Automobile are not affected by this
Investor AB is the largest Swedish industrial holding company. It
generates value for shareholders through long-term active ownership
and active investment operations. Over the past 20 years the average
total annual return to shareholders has exceeded 20%.
Investor AB is a lead shareholder in a number of Sweden's
largest, most internationally active companies. These include
AstraZeneca, Ericsson, Scania, ABB, Gambro, Stora Enso, Atlas Copco,
SEB, WM-data, Electrolux, Saab AB, Saab Automobile AB (50%), SKF, SAS
and OM Gruppen. Investor's largest shareholders are the Wallenberg
family foundations and a number of mutual and pension funds.
Investor AB is based in Stockholm, with offices in Hong Kong,
London and New York and Amsterdam. Investor AB press releases can be
accessed at www.investor.se on the Internet.
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