STOCKHOLM, June 26 Swedish defense firm Saab
on Thursday confirmed a media report it was nearing a
deal to buy German conglomerate ThyssenKrupp's
submarine shipyard in the south of Sweden.
The Stockholm bourse briefly halted trading in Saab shares
on Thursday following a report by business daily Dagens Industri
that Saab may soon announce such a deal, with a price tag well
below 1 billion crowns ($148.4 million). The paper did not
Saab and ThyssenKrupp announced in April they were in talks
for ThyssenKrupp to sell the unit to Saab after the German group
failed to reach a deal with Sweden for a new generation of
"The discussions are at a final stage but still ongoing,"
Saab said in a statement. "Saab has chosen to clarify the status
of these discussions due to information published in the media."
Saab declined to comment on the price tag. ThyssenKrupp also
declined to comment.
($1 = 6.7366 Swedish crowns)
(Reporting by Sven Nordenstam and Anna Ringstrom, additional
reporting by Tom Kaeckenhoff in Dusseldorf; Editing by Alistair