EIB OKs 400 million euro loan to Saab

The European Investment Bank said on Friday it had authorized a 400 million euro ($546.9 million) loan to Saab, which is being bought by Dutch sports car maker Spyker Cars NV from U.S. parent General Motors Co.

"The EIB has confirmed the authorization to conclude the 400 million euro loan to SAAB Automobile AB ... and to conclude the guarantee agreement with the Swedish National Debt Office," the EIB said in a press release.