Germany's Ruettgers Expects Decision On Opel Midweek
25 Mai 2009 - 11:41AM
Dow Jones News
The governor of the German state of North Rhine Westphalia,
Juergen Ruettgers, said Monday that a decision on the three bids
for General Motors Corp.'s (GM) local unit, Adam Opel AG, is
expected by the middle of the week.
"I am optimistic that we won't see an insolvency...as we are in
the situation where we have ... competing offers," Ruettgers told
reporters in Berlin.
Austrian-Canadian auto supplier Magna International Inc. (MGA)
appears to be the frontrunner for Opel. Italian automaker Fiat SpA
(F.MI) has launched a rival bid for Opel, as well as RHJ
International (RHJI.BT), a European buyout firm of investor U.S.
Ripplewood with holdings in the auto-parts industry.
Company Web site: www.opel.com
-By Andrea Thomas and Christoph Rauwald, Dow Jones Newswires;
+49 30 2888 4126; andrea.thomas@dowjones.com