PRESS RELEASE
25 July 2011

Zhejiang Youngman Lotus Automobile Joins Hands With Pang Da Group To Make And Sell Saab Cars

DB
De Brauw Blackstone Westbroek N.V.

Contributor

De Brauw Blackstone Westbroek is a leading international law firm, trusted by clients for over 150 years due to its deep engagement with their businesses and a clear understanding of their ambitions. While rooted in Dutch society, the firm offers global coverage through its network of top-tier law firms, ensuring seamless, tailored legal solutions. De Brauw’s independence enables it to choose the best partners while remaining a trusted, strategic advisor to clients worldwide.

The firm emphasizes long-term investment in both its client relationships and its people. De Brauw’s legal training institutes, De Brauwerij and The Brewery, cultivate diverse talent, preparing the next generation of top-tier lawyers through rigorous training and personal development. Senior leadership traditionally rises from within, maintaining the firm’s high standards and collaborative culture.

De Brauw advised Chinese car manufacturer Zhejiang Youngman Lotus Automobile ("Youngman") on forming a strategic partnership with Saab’s Dutch holding company Swedish Automobile and China's Pang Da Automobile Trade Co in a EUR 245 million.
Netherlands

De Brauw advised Chinese car manufacturer Zhejiang Youngman Lotus Automobile ("Youngman") on forming a strategic partnership with Saab's Dutch holding company Swedish Automobile and China's Pang Da Automobile Trade Co in a EUR 245 million (USD 352.1 million) joint venture to help rescue its struggling Swedish car manufacturer. Due to this joint venture new product Saab models can be developed (NPJV) by which the brand will be better positioned to meet demands in markets around the world and China in particular.

All parties continue working towards execution of binding agreements for a strategic alliance consisting of a tripartite distribution joint venture and a tripartite manufacturing joint venture for Saab-branded brand vehicles in China.

De Brauw advised Youngman on aspects of Dutch law and negotiated on behalf of Youngman on the various transaction documents.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Contributor

De Brauw Blackstone Westbroek is a leading international law firm, trusted by clients for over 150 years due to its deep engagement with their businesses and a clear understanding of their ambitions. While rooted in Dutch society, the firm offers global coverage through its network of top-tier law firms, ensuring seamless, tailored legal solutions. De Brauw’s independence enables it to choose the best partners while remaining a trusted, strategic advisor to clients worldwide.

The firm emphasizes long-term investment in both its client relationships and its people. De Brauw’s legal training institutes, De Brauwerij and The Brewery, cultivate diverse talent, preparing the next generation of top-tier lawyers through rigorous training and personal development. Senior leadership traditionally rises from within, maintaining the firm’s high standards and collaborative culture.

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