BAE Systems offloads Saab stake

BAE Systems offloads Saab stake
by Staff Writers
London (AFP) June 8, 2011

British arms manufacturer BAE Systems said Wednesday that it had sold its stake in Swedish defence group Saab for �152 million (170 million euros, $249 million).

"BAE Systems today announces the disposal of its Saab AB shareholding," the British group said in a statement.

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