Report: Muller to let investors know in May if Saab will go public
Bloomberg reports that Muller says the company will announce whether it will enter the Swedish stock market at its annual shareholder meeting on May 19. You're probably wondering why a company would discuss going public at a shareholder meeting. The short answer is that Saab is already present and accounted for on the Amsterdam Euronext. And even with very lean sales totals for 2010 while the company struggled to restart production and reinvigorate its supplier chain, the stock is Amsterdam's third highest gainer of 2010, with reported gains of 63 percent.
While Muller and company are considering whether to enter the Swedish stock market, the reborn automaker claims to have no intention of diluting shares to raise additional funds. Instead, Saab is considering opening up to both stock markets simultaneously with the potential to switch to only the Swedish market for future investment purposes. Muller says the company doesn't "foresee any share issue at this time, but who knows, maybe in many years it becomes a vehicle for future funding."
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