The German government wants more detailed concepts in the next week from the two rival groups interested in investing in Opel, economy minister Karl-Theodor zu Guttenberg was cited as saying today (14 May).
Go deeper with GlobalData
Berlin wanted Opel assets placed with a trustee in the event that GM filed for bankruptcy before a deal with investors had been concluded, Guttenberg told Reuters after meeting top government officials on the automaker’s future.
He had said earlier there was interest in the General Motors Europe unit from investors other than Fiat and Magna, but that the interest of one financial investor had waned.
“We have these two. As to a third one who has made himself known, here the euphoria seems to decline,” he told Reuters before the meeting.
He also said the government did not know what Opel’s financing needs would be.
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.
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
