Saab Space sale
Saab has announced that it has sold its shares in Saab Space, including its subsidiary Austrian Aerospace, to the Swiss company RUAG Holding for approximately £29m.
has announced that it has sold 100 per cent of its shares in Saab Space, including its subsidiary Austrian Aerospace, to the Swiss company
.
The purchase price for the shares amounts to SEK335m (£28.7m).
In addition to the fixed purchase price, Saab is entitled to an additional consideration related to the long-term positive performance of Saab Space.
The transaction is estimated to generate a capital gain to Saab during 2008 of approximately SEK100m.
Register now to continue reading
Thanks for visiting The Engineer. You’ve now reached your monthly limit of news stories. Register for free to unlock unlimited access to all of our news coverage, as well as premium content including opinion, in-depth features and special reports.
Benefits of registering
-
In-depth insights and coverage of key emerging trends
-
Unrestricted access to special reports throughout the year
-
Daily technology news delivered straight to your inbox
Experts speculate over cause of Iberian power outages
I´m sure politicians will be thumping tables and demanding answers - while Professor Bell, as reported above, says ´wait for detailed professional...