GM Acquires Outstanding Subordinated Loans in Saab Automobile

 from Investor AB  
Business Editors  
STOCKHOLM, Sweden--(BUSINESS WIRE)--Jan. 15, 2001--Investor AB and 
General Motors (GM) have reached an agreement whereby GM will acquire 
for SEK 4,050 million Investor's outstanding subordinated loans to 
Saab Automobile, which were granted as part of a previous financial 
In January 2000, GM called for the acquisition of Investor's 
remaining stake in Saab Automobile in accordance with an option 
agreement signed in 1996. After today's agreement, Investor has no 
further financial interests in Saab Automobile.  
"Today's agreement is a logical step since Investor divested its 
holding in Saab Automobile earlier. The agreement now releases 
resources for our ongoing investment activities," commented Investor 
President and CEO Marcus Wallenberg in a statement.  
This information was brought to you by BIT 
The following files are available for download: 
Press spacebar to pause and continue. Press esc to stop.