Ecclestone shifts gear with Saab bid

According to press reports today, the racing entrepreneur is lining up an offer for the wound-down company with help from private equity outfit Genii Capital, based in Luxemburg.

In a statement Genii Capital said it, “has decided that given an adequate and short time frame for finalising its offer, it will aggressively work towards a successful closing of the transaction with all the relevant stakeholders of the company.”

The update came last night as rival bidders jostled for position in talks to secure the defunct car maker’s future.

Speaking in a phone interview with Bloomberg news, Ecclestone said: “It’s a good brand that has probably been neglected by the current owners. We don’t own it yet, so let’s see what happens.”

There is believed to be three groups of bidders for the business, one is said to include former Swedish deputy prime minister, Jan Nygren. 

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