After disposing of its Saturn and Hummer brands this past summer, General Motors’ effort to divest its Saab Automobile subsidiary hit a few snags. But GM put those problems in its rearview mirror last week, announcing that it had reached an agreement to sell Saab to tiny Dutch automaker Spyker Cars for $400 million.
Legal Week reports that Tim Stevens, an Amsterdam-based corporate partner with Allen & Overy, led a team from the firm advising Spyker on the Saab acquisition. Senior partner Wilhelm Lüning, corporate partner Tone Myhre-Jensen and finance partner Mattias Larsson from Swedish firm Cederquist served as local counsel to Spyker on the transaction.
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