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Saab owner hopes to survive carmarker's bankruptcy

According to the World Bank's forecast, wheat and maize prices are expected to average 9 per cent and 12 per cent lower than their 2011 levels of over $300 per tonne, while rice prices are anticipated to decline by 6 per cent.

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Swedish Automobile NV, the parent company of Dutch luxury car maker Spyker and the now-bankrupt Saab Automobile, says it will try to sell new shares and also try to sell Spyker in a bid for survival.
Swedish Automobile NV, the parent company of Dutch luxury car maker Spyker and the now-bankrupt Saab Automobile, says it will try to sell new shares and also try to sell Spyker in a bid for survival.
The company known as 'Swan' has struck several deals to sell Spyker, but closed none. In September it said it would sell Spyker to US firm North Street Capital for (euro) 32 million ($41 million), not enough to pay off Spyker's debts.

Swan has released few details about Spyker since it acquired the much larger Saab in 2010. Saab went bankrupt in December.

Much of Spyker's debt is held by Tenaci BV, controlled by Swan CEO Victor Muller and funded by Russian tycoon Vladimir Antonov.

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