Is This "Reverse" Foreign Investment?
From Reuters:
Sweden's
Koenigsegg, a niche manufacturer of some of the world's fastest and most expensive sports cars, has struck a deal to buy loss-making
Saab Automobilefrom General Motors, the companies said on Tuesday.
In one of the most unlikely pairings in automotive history, the tiny
of 45 staff is expected to take over a company that employs around 3,400, a cherished Swedish brand that became a national icon for stability and reliability.
So a Swedish company is buying a Swedish brand from a U.S. parent company. Is this "reverse" foreign investment? I suppose it is just undoing a previous foreign investment.