Belgian-based RHJ International will ask for less than 3 billion euros ($4.26 billion) of state aid as part of a bid for Opel, German business daily Handelsblatt reported, citing government and financial sources.
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Belgian-based RHJ International will ask for less than 3 billion euros ($4.25 billion) of state aid as part of a bid for Opel, the German business daily Handelsblatt reported, citing government and financial sources.
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German Chancellor Angela Merkel said on Tuesday that she was ready to intervene personally to support auto parts group Magna's bid for carmaker Opel.
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German Chancellor Angela Merkel said on Tuesday that she was ready to intervene personally to support auto parts supplier Magna International Inc.'s bid for carmaker Opel.
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German Chancellor Angela Merkel said on Tuesday that she was ready to intervene personally to support auto parts supplier Magna International Inc.'s bid for carmaker Opel.
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Leonhard Fischer may be a passionate collector of modern art, but the head of RHJ International has not added to the Belgian private equity firm's gallery of assets since he joined in late 2007.
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FRANKFURT (Reuters) -- The outcome of the bidding process for Opel is not a foregone conclusion despite widespread backing for rival bidder Magna International, the head of RHJ International said.
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RHJ International still has good chances of winning the prolonged bidding process for Opel, the company's head said.
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RHJ International still has good chances of winning the prolonged bidding process for Opel, the company's head said.
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RHJ International, the Belgium investment company bidding for Opel will not close the carmaker's two manufacturing plants in Britain and is committed to the Vauxhall brand, reports at the weekend said.
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RHJ International, the Belgium investment company bidding for Opel, will not close the carmaker's two manufacturing plants in Britain and is committed to the Vauxhall brand, weekend reports said.
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The chief executives of General Motors and Magna International made some progress in talks on the sale of GM's Opel unit, but key barriers remain, Opel's top labor leader and board member said on Saturday.
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RHJ International plans to sweeten its bid for Opel to overcome German government opposition to its bid, The Wall Street Journal said.
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The chief executives of General Motors and Magna International made some progress in talks on the sale of GM's Opel unit, but key barriers remain, Opel's top labor leader and board member said on Saturday.
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RHJ International plans to sweeten its bid for Opel to overcome German government opposition to its bid, The Wall Street Journal said.
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Opel increased its share of the European car market by 70 basis points to 7.2 percent in July helped by strong demand in France, the automaker said in a statement on Friday. The jump came as Opel parent General Motors Co.
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RHJ International plans to sweeten its bid for Opel to overcome German government opposition to its bid, The Wall Street Journal said.
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General Motors has said that it still has considerable problems with the offer from Magna to sell its European arm Opel. The comments from the US giant seem to have put to an end hopes a deal could be reached in coming days.
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Opel's top labor leader Klaus Franz wants German Chancellor Angela Merkel and her foreign minister to intervene personally in stalled talks between Magna International Inc. and General Motors Co. and push for progress, he told Reuters today.
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Opel's top labor leader Klaus Franz wants German Chancellor Angela Merkel and her foreign minister to intervene personally in stalled talks between Magna International Inc. and General Motors Co. and push for progress, he told Reuters on Friday.
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