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Investors bid to rescue Saab from bankruptcy

February 28, 2012
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STOCKHOLM—Trustees of bankrupt Saab Automobile say they have received several potential bids from international and Swedish investors looking to rescue the carmaker from insolvency.

Trustee Hans Bergqvist says the offers were filed before a deadline Monday, but he declined to specify how many bids were received or how long a deal might take.

Bergqvist previously said between six and seven investors have been eyeing the car brand.

China's Zhejiang Youngman Lotus Automobile Co. told Swedish broadcaster SVT on Tuesday it has offered to pay around 2 billion Swedish kronor ($300 million) for the automaker.

Saab filed for bankruptcy in December.

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