Abu Dhabi’s royal family might invest in Opel, a press report said on Monday.

The Westdeutsche Allgemeine Zeitung newspaper quoted family member Sheikh Hamdan indirectly as saying however that “no decision has been taken yet”, according to Agence France-Presse (AFP).

Hamdan reportedly said that a meeting he had had last week with German regional premier Juergen Ruettgers of the state of North Rhine-Westphalia, home to an Opel plant, was nonetheless “very positive.”

Opel is looking for private investors and EUR2.6bn in aid from the German government while chancellor Angela Merkel has indicated she would like to share the burden with others.

AFP noted that Abu Dhabi had said late last month it would take a 9.1% stake in Daimler for EUR1.95bn ($US2.64bn), becoming its biggest shareholder.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.