Saab invests in Indian company Pipavav
In august 2012 defence and security company Saab announced that a Memorandum of Understanding (MOU) had been signed concerning a strategic investment in the listed Indian company Pipavav Defence and Offshore Engineering Company Limited (Pipavav). The investment of MSEK 250 has now been made in shares issued through a, to Saab, directed share issue. After the investment, Saab holds approximately 3.3 per cent of the capital and votes in the company. The investment will be financed from Saab's own readily available resources.Pipavav is a well-known company in the naval domain inIndiaand has