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Saab AB Signs Investment Deal with Pipavav Offshore and Defence Engineering Ltd; Pipavav Offshore and Defence Engineering Ltd to Issue Shares


Thursday, 1 Nov 2012 09:00am EDT 

Saab AB announced that it has signed a deal with Pipavav Offshore and Defence Engineering Ltd (Pipavav), India, about an investment in the company of SEK 250 million. The investment is made in shares which will be issued through a directed share issue, which is dependent on approval from an Extraordinary General Meeting held by Pipavav in the fourth quarter of 2012. After the investment, the Company will hold approximately 3.5% the capital and votes in Pipavav. 

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