GM exec: No preferred bidder for Opel yet
By APWednesday, July 29, 2009
GM exec: No preferred bidder for Opel yet
BERLIN — The chief negotiator for General Motors Co. says there is no preferred bidder for Germany’s Opel — though the negotiations are “coming to a point of decision.”
John Smith, GM’s group vice president and chief negotiator on the sale of Opel, writes in the company’s blog that “despite media reports to the contrary, GM has NOT specified its preference for a bidder.”
Smith’s post said that GM is still in talks with a consortium of Magna International Inc. and Russian lender Sberbank, along another bidder, Brussels-based investor RHJ International SA.
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