Saab sells its holding in Nammo
Saab intends to sell its holding in Nammo AS. Saab has signed a Letter of Intent with Finnish Patria Oyj to sell its holding in Nammo – Nordic Ammunition Company. Nammo is currently owned by the Norwegian State (45 percent), Patria (27.5 percent) and Saab (27.5 percent).“We are streamlining and focusing our operations. At the same time we are enabling Nammo to develop strongly with its new owner constellation,” says Saab’s Executive Vice President Ingemar Andersson. The purchase sum is MSEK 400 and will have a positive impact on Saab’s results. The transaction is being conducted on a first-