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Regulatory News:
Saab (STO:SAABB) is examining if there is any interest among other
companies in acquiring Saab Space AB. If any of the feelers that have
been put out leads to a deal this will take place during the first
quarter of 2008.
Saab is constantly evaluating acquisition and disposal of
companies and business units. At present the possibility of selling
Saab Space AB is being considered; at the right price, to the right
buyer. The reason is that Saab Space is not part of Saab's core
business. With the industry undergoing consolidation at present, the
timing may be right for a sale.
Contact has been made with a number of possible buyers. Any sale
will take place in the first quarter of 2008.
"There is no need to speculate about our future, putting feelers
out like this happens all the time and it is by no means sure that it
will lead to a deal. We need to run our business as successfully as
usual," comments Bengt Mortberg, CEO of Saab Space.
Saab AB discloses the information provided herein pursuant to the
Securities Markets Act and/or the Financial Instruments Trading Act.
The information was submitted for publication at 11 on December 13.30
hrs, 2007
Saab serves the global market with world-leading products,
services and solutions ranging from military defence to civil
security. Saab has operations and employees on all continents and
constantly develops, adopts and improves new technology to meet
customers' changing needs.
This information was brought to you by Cision
http://newsroom.cision.com
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