Sweden's Saab completes acquisition of Denel Saab Aerostructures Pty. Ltd

Nordic Business Report, July 25, 2007

NORDIC BUSINESS REPORT-25 July 2007-Sweden's Saab completes acquisition of Denel Saab Aerostructures Pty. Ltd.(C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com

Swedish defence and aerospace group Saab said on Wednesday (25 July) that it has finalised its 20% acquisition of Denel Saab Aerostructures Pty. Ltd.

The acquisition was announced on 15 June 2006, and is now concluded since the South African Government has approved the deal.

The company will initially be 20% owned by Saab and 80% by Denel.

Saab will have the management responsibility for the new company.

Saab, headquartered in Linkoping in Sweden, is a high-tech company active within defence, aviation and space. The company has 13,600 employees and annual sales of EUR2.3bn. Saab is listed on the Nordic Exchange in Stockholm.

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