Russian investor drops out of Saab property sale

Gasgoo From Reuters

Reuters (Stockholm) - Russian investor Vladimir Antonov is no longer to take part in a sale and leaseback deal of the property and plant of Saab, which had been aimed at raising funds for the car maker, his spokesman said on Tuesday.

"The property sale is now being discussed with external investors," said Lars Carlstrom, Antonov's representative in Sweden.

Antonov was still interested in becoming a shareholder in Spyker, SPYKR.AS the Dutch owner of Saab, Carlstrom added in an email.

Spyker is again scrambling to raise funds for Saab, which has halted production.

Spyker on Monday announced a deal for China's Zhejiang Youngman Lotus Automobile Co eventually to take a 29.9 percent stake and Chinese car distributor Pangda (601258.SS) to take a 24 percent stake for a combined 245 million euros ($352 million).

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