BERLIN (AFP)--U.S. investment fund Ripplewood Holdings LLC
interested in Opel, the German unit of struggling General Motors
Corp. (GM) for which Berlin is trying to find a buyer, a newspaper
report said.
The Frankfurter Allgemeine Zeitung daily, in its Wednesday
edition, cited "two people close to the matter" for its information
but said Ripplewood could't immediately be contacted for
comment.
Opel declined to comment on the report, the newspaper added.
Ripplewood Holdings, a New York-based private equity fund,
already controls German auto components maker Honsel.
The German government is looking to secure Opel's future by
finding a buyer to take it from General Motors which said Monday
that it faced the increasing likelihood of having to file for
bankruptcy.
Italian automaker Fiat SpA (F.MI), teaming up with already
bankrupt Chrysler, has said it is ready to take on GM's European
assets, including Opel, which directly employs 26,000 people in
Germany.