Saab acquires the outstanding shares in Saab Grintek
Following the transaction where Saab AB acquires the outstanding shares in Saab Grintek (Pty) Ltd for SEK 240 million (ZAR 250 million) from Kunene Finance Company (Pty) Ltd, Saab becomes the 100% owner to Saab Grintek (Pty) Ltd.“This transaction will allow for further cooperation between the defence related operations in South Africa and the business units within Saab in other locations, says Kenth-Åke Jönsson, Executive Vice President in Saab.“Although we intend to integrate the defence business, Saab has initiated discussions with potential Black Economic Empowerment (BEE) partners in