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Article: Saab AB completes sale of Saab Space AB to RUAG Holding AG.(Brief article)
- Article from:
- Nordic Business Report
- Article date:
- September 1, 2008
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NORDIC BUSINESS REPORT-1 September 2008-Saab AB completes sale of Saab Space AB to RUAG Holding AG(C)1994-2008 M2 COMMUNICATIONS LTD http://www.m2.com
Swedish defence and aerospace group Saab AB (OMX Stockholm: SAAB B) announced on Monday (1 September) that it has completed the previously announced sale of its subsidiary Saab Space AB to the Swiss company RUAG Holding AG.
The sales consideration comprises a fixed payment of SEK335m plus additional payments based on future performance.
The sale is estimated to generate a capital gain of SEK100m during 2008.
The transaction was initially announced in July.
Saab Space is a ...