Chinese Putting Together Yet Another Bid For Saab

A key stumbling block was the refusal of former owner General Motors (GM.N) to allow its technology, which underpins Saab cars, to fall into Youngman's hands.

The Chinese group remains interested and is prepared to make an offer, which one of the sources said would be worth several billion Swedish crowns.

A second source with knowledge of the process confirmed that a bid was likely next week.

Neither would say how Youngman would get round GM's objections. The lawyer representing Youngman has said that the firm would seek to develop technology not controlled by GM.

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