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Thursday, January 13, 2011

CORRECTED - GM to let Russian investor back into Saab-report, (NYSE: GM), (SPYKR)

General Motors (GM.N) is ready to let Russian businessman Vladimir Antonov back as a shareholder of Swedish automaker Saab, a newspaper said on Thursday. Antonov, who has said he has been the target of false allegations of money laundering and other financial crimes, was ousted from last year's deal for Dutch sportscar maker Spyker (SPYKR.AS) to buy Saab. He later said he had hired private investigators to clear his name. Swedish newspaper Dagens Industri, citing what it called information from its sources, said GM, which has $326 million of redeemable preference shares in Saab, was now ready to let Antonov back as a shareholder.

Source