China's BAIC Made Formal Offer For GM's Opel Unit - Report
26 Mai 2009 - 7:57PM
Dow Jones News
Beijing Automotive Industry Holding made a formal offer last
week for General Motors Corp.'s (GM) German Adam Opel GmbH unit,
daily Die Welt said in an advanced report to be published
Wednesday, citing unidentified financial sources.
According to the report, BAIC won't cut jobs in Germany as part
of the deal, plans to keep all German plants for two years and
demand less financial guarantees from the state than rival
bidders.
The report said BAIC is being advised by Deutsche Bank AG (DB)
as well as its cooperation partner Daimler AG (DAI).
Newspaper Web site: www.welt.de
-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500.