Bank of China to step in as Saab part owner: source

December 4th, 2011 → 1:12 pm @

STOCKHOLM – Saab’s Dutch owner and China’s Zhejiang Youngman Lotus Automobile have agreed that the Bank of China, the nation’s fourth-largest bank by market value, will come in as part owner of the ailing carmaker, according to a source familiar with the deal.

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