Antonov to invest 50 million euros in Saab image

Russian banker and investor Vladimir Aleksandrovich Antonov, may invest up to 50 million euros in Saab.

Antonov has sold his stake in Russia’s Investbank, enabling assets held in his Convers Group to rise in value to 44 billion kronor ($6.96 billion), 4.5 billion kronor of which is his own capital.

Antonov was originally part of Spyker’s acquisition of Saab from General Motors but quit the deal after facing allegations of money laundering, which he denied.

“I think 29.9 percent would be fair enough, and this is what I had before. I would be totally happy to have 29.9 percent,” Antonov told a news conference in the capital of Lithuania, where he owns a banking group.

“Mr. Antonov is prepared to invest up to 50 million euros in Saab and provide further support in the future for new models,” Lars Carlstrom, a spokesman for the Russian businessman, told Automotive News Europe Thursday.

In February 2011, it was announced that Spyker Cars NV, the Dutch owner of Saab Automobile, agreed to sell its sports-car unit to Vladimir Antonov. Antonov, a former Spyker chairman and shareholder, is expected to pay 15 million euros ($21 million) for the company.

In 2007 Antonov’s personal wealth was estimated at $300,000,000 which ranks him as number 182 among Russian millionaires.