Mayer Brown has taken the lead role for Beijing Automotive Industry Holding (BAIC) on the purchase of Saab assets and intellectual property rights from General Motors. The deal, valued at SEK1.4bn (£119m), could stave off bankruptcy for Swedish car maker Saab while GM continues to search for a buyer, following the failed takeover attempt by Swedish car maker Koenigsegg in the autumn.
December 17, 2009 at 07:26 AM
1 minute read
The original version of this story was published on Legalweek
Mayer Brown has taken the lead role for Beijing Automotive Industry Holding (BAIC) on the purchase of Saab assets and intellectual property rights from General Motors.
The deal, valued at SEK1.4bn (£119m), could stave off bankruptcy for Swedish car maker Saab while GM continues to search for a buyer, following the failed takeover attempt by Swedish car maker Koenigsegg in the autumn.
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