Russian President Dmitry Medvedev will call for a final deal to allow Sberbank and Magna International to acquire control of Opel while visiting Germany this week, a top Kremlin aide said on Wednesday.
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Russian President Dmitry Medvedev will call for a final deal to allow Sberbank and Magna International to acquire control of Opel while visiting Germany this week, a top Kremlin aide said on Wednesday.
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Russian President Dmitry Medvedev will call for a final deal to allow Sberbank and Magna International to acquire control of Opel while visiting Germany this week, a top Kremlin aide said on Wednesday.
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The holding company RHJ International was due to hold talks on Wednesday at the German economy ministry about its rival bid for Opel, sources told news agency AFP.
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Sberbank, one of Magna's partners in in its consortium bidding for Opel/Vauxhall has said that a July 15 deadline to seal a deal for the carmaker is 'not firm'.
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The Belgian buyout fund that's emerged as a front-runner to acquire a stake in Opel/Vauxhall is predicting an "imminent" announcement, possibly tomorrow.
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Union officials and German politicians say they oppose equity group RHJ International taking a majority stake in the General Motors' Opel/Vauxhall unit.
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Union officials and German politicians say they oppose equity group RHJ International taking a majority stake in the General Motors' Opel/Vauxhall unit.
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Union officials and German politicians say they oppose equity group RHJ International taking a majority stake in the General Motors' Opel/Vauxhall unit.
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Union officials and German politicians say they oppose equity group RHJ International taking a majority stake in the General Motors' Opel/Vauxhall unit.
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Germany fears a "dangerous dependence" on China if Beijing-based BAIC is allowed to take over Opel, German media said on Monday, citing an expert government report.
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Weekend talks between Brussels-based industrial holding company RHJ International and General Motors Europe are expected to produce a revised offer by tomorrow for GM's Opel and Vauxhall units.
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Holding company RHJ International emerged on Monday as a strong challenger to Magna International in the bidding war for General Motors' Opel unit.
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Holding company RHJ International emerged on Monday as a strong challenger to Magna International in the bidding war for General Motors' Opel unit. The Belgium-based industrial holding firm, which is linked to the U.S.
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Belgian holding company RHJ International is readying an improved offer for Opel that it hopes to submit this week, two sources familiar with its plans said on Sunday.
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Opel labor leaders hope to save threatened factories in England and Belgium after identifying nearly 6 billion euros ($8.4 billion) in wage-related costs that could be saved over the next five years.
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The premier of the German state of Hesse, which is helping to finance Opel operations, has rejected a plan by Beijing Automotive Industry Corp. (BAIC) to take over the carmaker.
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European labour leaders at GM'S Opel have identified nearly EUR6bn (US$8.4bn) in wage-related costs that could be saved over the next five years, the head of its works council told Reuters.
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The premier of the German state of Hesse, which is helping to finance Opel operations, has rejected a plan by Beijing Automotive Industry Corp. (BAIC) to take over the carmaker.
Full story...
Opel labor leaders hope to save threatened factories in England and Belgium after identifying nearly 6 billion euros ($8.4 billion) in wage-related costs that could be saved over the next five years.
Full story...
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