STOCKHOLM Aug 11 North American investor Mark
Bishop has sold his 22 percent stake in Koenigsegg, the luxury
car maker which plans to buy GM's Saab Automobile, Swedish
business daily Dagens Industri reported on Tuesday.
"A new owner has taken over his shares and the negotiations
between General Motors and Koenigsegg Group continue according
to plan," a source was quoted by the newspaper as saying.
Bishop had the second-largest stake in the company that has
inked a preliminary deal to buy Saab.
Saab and GM and Koenigsegg plan to meet this week with the
government about a state guarantee for a 4.3 billion Swedish
crown ($593 million) loan from the European Investment Bank
which would form part of the financing for the acquisition.
"Saab's management is very positive that, together with the
Koenigsegg Group, they will be able to present adequate
collateral to get this loan," the source said.
Saab is currently under creditor protection.
The EIB is seen deciding on a possible loan to Saab by
(Editing by Dan Lalor)
($1 = 7.248 Swedish crowns)