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Turkish Private-Equity Firm Looking To Bid On Saab: Report

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2011 Saab 9-4X Aero

2011 Saab 9-4X Aero

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Yesterday we brought you news that Chinese auto giant Youngman, one of the original bidders for Saab before it went bankrupt, was still interested in buying what’s left of the Swedish automaker.

Now we have news that Turkish private-equity firm Brightwell is also interested in making a bid for Saab.

The information was revealed by a board member of the Istanbul-based firm, Zamier Ahmed, who spoke recently with Bloomberg.

“We will make a bid very shortly, there’s no question,” he said. The Brightwell exec also revealed his company wants to keep any future Saab production in Sweden and that talks are currently taking place with administrators as well as former Saab chief Victor Muller.

Brightwell is currently conducting due diligence on Saab and will need at least another two weeks before it will be able to determine how big its bid will be.

Turkey may not be known for building cars but it does have a bustling auto industry, with many major manufacturers and suppliers running operations in the country. Daimler, Fiat, GM, Hyundai, Honda and Toyota all have plants located in Turkey and the market is seen as a gateway into the lucrative European market for many firms in emerging markets such as Russia, China and India.

To follow our full coverage of Saab’s woes, click here.

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Comments (2)
  1. shishka-saab?
     
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    Bad stuff?

     
  2. and is that supposed to be funny?
     
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    Bad stuff?

 

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