Pension obligations of almost EUR4bn might be an obstacle in the way of an Opel sale, a business newspaper said on Wednesday.
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“The amount is big and represents a potential problem”, a participator in talks about Opel’s future told Financial Times Deutschland. Opel has around 22,000 active workers and about 40,000 retirees, which burdens dividend payout and thus reduces the company’s attractiveness.
At present, Opel’s management is discussing the sale of more than 50% of the company, current owner US carmaker General Motors should retain only a minority stake, the paper said. Apart from an investor from Abu Dhabi, who confirmed interest in Opel, some financial investors and other carmakers are also interested in the ailing company.
