Turkish Firm Placing Bid For Saab

Brightwell Holdings, a Turkish private-equity firm, said it plans to bid for bankrupt Swedish carmaker Saab Automobile.

"We will make a bid very shortly, there's no question," Zamier Ahmed, a board member of the Istanbul-based group, said.

Brightwell, which invests in energy, transport and technology, wants to buy all of the Trollhaettan-based carmaker and plans to keep production in Sweden, Ahmed said on Wednesday.

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IhavearedS2000 - 1/20/2012 7:01:55 PM

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Turk+ Swede= Hot