German Econ Ministry: Government Has Received 3 Bids For GM's Opel
22 Mai 2009 - 11:33AM
Dow Jones News
Three bids have been submitted for General Motors Corp.'s (GM)
German unit Adam Opel AG and it's now up to GM to decide which
investor it favors before the government can assess any offer, a
German economics ministry spokesman told reporters Friday.
Speaking at the same press conference, a government spokesman
said that that he isn't aware whether a Chinese investor has also
submitted a bid to GM, as a media report had suggested.
He also said he explicitly wanted to "leave it open" whether a
meeting of German Chancellor Angela Merkel and key ministers as
well as the heads of four German states, which have Opel plants,
later this afternoon will generate a preliminary decision about any
of the bids.
The government and states are mulling bridge financing for
Opel.
Web site: www.bmwi.de
-By Andrea Thomas, Dow Jones Newswires; +49-30-288-8410;
andrea.thomas@dowjones.com