STOCKHOLM - the terms proposed by the European Investment Bank are stalling plans to provide funding in the short term for automobile constructor troubled Saab, owner Spyker Cars said Tuesday.
Spyker said he could meet the EIB officials later Tuesday but also other financial options with partners, including Chinese automakers plans.
Saab is in desperate need of money to pay suppliers and restart its plant in the southwest of the Sweden, where production has been arrested for three weeks.
Spyker expected to sell the Saab property, to the Russian businessman Vladimir Antonov but needs the approval of the EIB.
He said the Bank has agreed to a partial sale of the property and want Saab to refinance the sale or replace the purchaser "within" a limited time.
He also stated that EIB has imposed conditions on General Motors, which sold the Spyker brand in 2010, the Office of the national debt Swedish and Swedish Ministries of finance and business.
Actions Spyker dropped 5.8% to euro4.00 ($5.83) on the stock exchange of Amsterdam.
Separately Tuesday, Antonov meeting with the Director General of the Swedish Office of the national debt, Bo Lundgren, in Stockholm to discuss his candidacy to become co-owner of Saab and provide funds for long-term brand.
Russian billionaire said he would be prepared to invest euro50 million ($70.4 million) of Saab and seek a game of 29.9%.
He needs the approval of the Office of debt because the Sweden has secured a loan from the EIB Saab.
"We obviously discussed his background, (and) we discussed what are its ambitions if it becomes the owner of Saab," Lundgren told journalists after the meeting, but he refused to say anything on his findings.""
The debt Office will now consider the information received. Lundgren hoped that a decision can be taken in a few days.
Antonov, who used to be co-owner of Spyker, was deported by GM in the sale of Saab in the reports of alleged money laundering. He denied these allegations and was never charged.
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