STOCKHOLM -- Spyker Cars NV, the Dutch company that owns Saab Automobile, has decided against listing its shares in Stockholm, CEO Victor Muller said.
Spyker made the decision on Thursday at its annual shareholders meeting in Zeewolde, Netherlands.
The company, based in Zeewolde, last year started considering whether to offer its shares on the Stockholm exchange in 2011 in addition to its existing Amsterdam listing. It also considered eventually ending the Amsterdam presence.
"There's no point changing the listing now," Muller said in an interview. "We have other things to focus on, including getting a good business going again. We'll have to think about whether it's any point ever listing in Stockholm."
Saab, which accounts for virtually all of Spyker's business, first stopped production March 29 amid a payment dispute with suppliers.
Output has been halted since April 5, and Saab aims to restart production late next week pending negotiations with component makers.
Also at the shareholders meeting, Muller took the reins as interim chief executive of Trollhattan, Sweden-based Saab as Jan-Aake Jonsson retired.
Spyker also approved a proposal to change its name to Swedish Automobile NV. The change should take effect in a few days, Muller said.