Opel Chief Says Co Needs Takeover Deal Fast - Document
08 Juli 2009 - 10:29AM
Dow Jones News
The head of General Motors Corp.'s (GMGMQ) German unit, Adam
Opel GmbH, said the interest of several potential investors was
generally positive as it strengthened the automaker's negotiating
position, but it must not delay the sales process.
"We need a deal fast," Hans Demant said in an letter to staff
dated July 7 and reviewed by Dow Jones Newswires.
Demant said that takeover talks are being held with Magna
International Inc. (MGA), Ripplewood Holdings, Beijing Automotive
Industry Holding Co. Ltd. and Fiat SpA (F.MI).
Company Web site: www.opel.de
-By Nico Schmidt, Dow Jones Newswires; +49 69 29 725 114;
nico.schmidt@dowjones.com