Melania Trump Club

Melania Trump Club
Melania Trump Club

Monday, January 18, 2010

Spyker, Genii Capital to jointly bid for Saab-report

FRANKFURT, Jan 17 (Reuters) - Dutch sports-car maker Spyker (SPYKR.AS) and Luxembourg investment firm Genii Capital plan to bid jointly for Sweden's Saab, as parent General Motors [GM.UL] starts winding down the ailing business, according to German Wirtschaftsowche business weekly

The weekly magazine, in prereleased abstracts of a story due to appear on Jan. 18, said the two companies, which hitherto had been trying individually to clinch a deal to buy Saab, had now teamed up.

"According to WirtschaftsWoche information, Spyker Cars and Genii Capital have been in contact in order to make a last-second joint offer," the abstracts said, giving no other details.

Genii is backed by Formula 1 mogul Bernie Ecclestone.

Spyker said on Tuesday it was working "around the clock" and was not prepared to give up on a deal to snag Saab. [ID:nN12118333] (Reporting by Vera Eckert, editing by Maureen Bavdek)

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