Opel could receive liquidity guarantees as part of the planned EUR100 billion rescue fund for German companies.
Go deeper with GlobalData
Germany’s Chancellor Angela Merkel told HR info radio that negotiations continue, but that gurantees are being readied for Opel..
“Opel has already started to negotiate about possible state guarantees weeks ago, these negotiations are continuing,” Merkel said.
“Opel hasn’t had an urgent need for any decision before Christmas. But of course, this is the case for a guarantee…Opel would be part of such a guarantee line.”
Her comments come ahead of a meeting of senior ruling grand coalition party officials Monday evening. They are set to agree on the EUR100 billion fund, which Merkel said centers “explicitly, mainly around guarantees” for liquidity, as well as a second fiscal stimulus plan worth roughly EUR50 billion.
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
