STOCKS NEWS EUROPE-Spyker Cars up after securing Saab loan
Shares in Spyker Cars (SPYKR.AS) rise 10.5 percent after the Dutch luxury car maker secures a loan to buy Swedish rival Saab from General Motors [GM.UL], boosting investor hopes the deal could be successful, traders say. [ID:nLDE6172K7]
"The question was where he (Spyker Chief Executive Victor Muller) could find the money. His investment vehicle does not have it, privately he may not have it. Now he has found the money from Heerema," says Keijser Capital trader Geoffrey Leloux.
Heerema Holding Co Inc, a holding company for a Dutch family of businesses engage in offshore oil and gas services, has agreed to fund the acquisition via a $25 million convertible loan.
Reuters Messaging rm://gilbert.kreijger.reuters.com@reuters.net
BP says report not about blame, then names names
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