Saab Automobile

Saab logotype. Ilustration.In early 2010, the Debt Office issued a government guarantee to the European Investment Bank for a project loan to Saab Automobile AB (Saab). When Saab went bankrupt in December 2011, the Debt Office honoured the guarantee and redeemed the loan. In return, we received a claim of approximately SEK 2.1 billion in Saab's bankruptcy estate. 

As security for the guarantee, Saab had pledged the shares in subsidiary Saab Automobile Parts AB (Parts) and Saab Automobile Tools AB (Tools). The Debt Office chose not to immediately realise the pledged shares, instead affording the trustees the opportunity to sell the entire Saab Group to a single buyer.

In June 2012, the trustees made an agreement to sell the majority of assets in the bankrupt companies Saab, Tools and Saab Automobile Powertrain AB to National Electric Vehicle Sweden AB (Nevs). Parts was not included in the sale.

The Government takes over Parts

In December 2012, the Debt Office took over ownership of Parts in order to protect the value of the Government's claim. The Government then decided that the shares would be transferred to the Minstry of Finance's Office for State-owned Company Management.

Proceeds from a future sale of Parts and any dividends from the company will go to the Debt Office's interest-bearing account, where fees and other revenues from our guarantee operations are banked in order to cover future losses.

© Logotyp: Saab Automobile AB