Netherlands: Spyker owner confirms sale to North Street

Swedish Automobile has confirmed reports that it plans to sell the Spyker sportscar business to US private equity firm North Street Capital. The two parties have reached a conditional agreement on the sale, valued at €32m (US$43m). The proceeds of the sale will be used to redeem Swedish Automobile’s debts Subscribe to Automotive World to … Continued

• By Webmaster
• September 30, 2011