RHJ Says In Talks With GM Over Stake In Adam Opel
13 Juli 2009 - 9:37AM
Dow Jones News
Investment group RHJ International SA (RHJI.BT) Monday said it
is in talks with General Motors Corp. (GM) about buying a stake in
its European subsidiary, Adam Opel GmbH.
RHJ until recently appeared to be out of the running for the
Adam Opel business, which includes the Vauxhall brand in the U.K.
The German government, which is providing financial support for the
carmaker, favored a bid from Canadian auto-parts manufacturer Magna
International Inc. (MGA).
RHJ said is has been in talks with GM "over a number of weeks,"
describing the talks as "at an advanced stage." No further details
were provided.
-By Adam Cohen, Dow Jones Newswires; +322 741 1486;
adam.cohen@dowjones.com