February 11, 2012

 

Three final bids for Opel

General Motors has received three final bids for its struggling Opel business, which includes Vauxhall in the UK.

Canadian car parts maker Magna, Belgian-based investor RHJ International and China's Beijing Automotive Industries are the bidders.

Magna, backed by Russia's Sberbank, has made a last-minute change to its bid in order to placate concerns about its Russian partner's influence.

It remains the favourite to buy a majority stake in Opel.

"General Motors confirms that it has received final offers for a stake in Opel/Vauxhall from three bidders. The final bids will now be analysed and compared by GM," GM said in a statement.

Source: BBC News

Speak Your Mind

*