Saab's Divestment of Saab Space Finalized

(September 1, 2008) -- Saab's divestment of Saab Space to the Swiss aerospace and defence group RUAG is now completed.

Saab AB divests 100 percent of the shares in Saab Space AB, including its subsidiary Austrian Aerospace, to the Swiss company RUAG Holding AG. All conditions for the divestment, which was announced July 15 2008, have been fulfilled.

The purchase price for the shares amounts to 335 MSEK. 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 100 MSEK.

Source : Saab

Recent News from Saab

• Saab Delivers Training Systems for the Norwegian Army [Defence] [ Wed 26 Nov 2008 ]
• Saab Partner in Upgrade for Canadian Navy [Defence] [ Mon 24 Nov 2008 ]
• Norway to Negotiate With Saab's Competitor [Defence] [ Fri 21 Nov 2008 ]
• Saab and Simrad Optronics Create Joint Venture [Defence] [ Wed 29 Oct 2008 ]
• Saab Receives Spare Parts Order from France [Defence] [ Tue 28 Oct 2008 ]
• Saab Wins 296 M SEK Orders [Defence] [ Wed 22 Oct 2008 ]
• Saab Supports 1st Exercise for European Counter Terrorist Units [Defence] [ Tue 14 Oct 2008 ]