Belgian investment company RHJ or 15th to buy Opel agreement

Source: Internet
Author: User
Keywords Shares
Tags company economic economic observer negotiations network process sources
Ding Wen, an intern at the Economic Observer Network, said July 13 that Belgian investment company RHJ is interested in acquiring a 50%-55% stake in GM's Opel company, according to a person familiar with the Wall Street Journal.  RHJ may have prepared the contract, which will be signed with General Motors as early as 15th.  Belgian investment company RHJ13 said earlier that the company was in the process of acquiring a majority stake in Opel and "late-stage" negotiations with General Motors. The FT had previously quoted sources as saying that RHJ would revise the offer this week to buy the Opel sector. The report said RHJ wanted 51% to 55% per cent of the Opel sector and asked the German government to provide € 3.8 billion of guarantees, less than the € 4.5 billion that Magna would have wanted.  RHJ also pledged not to close any Opel plant in Germany or Britain, and is expected to turn Opel around 2011 years ago. Previously, in addition to Rhj, Magna, Beijing Automotive Industry Holdings Limited and Fiat also submitted a takeover proposal to GM. And almost the successful Magna takeover has been slow due to a failure to agree on the use of GM technology and engineering design. It was also reported that Magna had canceled a board meeting scheduled to be held on 14th to approve the bid. The company said it would finalize the deal before July 15.

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