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Article: Saab's Divestment of Saab Space Finalized.
- Article from:
- Business Wire
- Article date:
- September 1, 2008
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Saab's Divestment of Saab Space to the Swiss Aerospace and Defence Group RUAG is Now Completed
STOCKHOLM, Sweden -- Regulatory News:
Saab AB (STO:SAABB) 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 ...