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.


Saab has announced that it has sold 100 per cent of its shares in Saab Space, including its subsidiary Austrian Aerospace, to the Swiss company RUAG Holding.



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.