Sign in to follow this  
Followers 0

Motor Authority: Belgium's RHJ International emerges as latest bidder for Opel

1 post in this topic


Holding company RHJ International has emerged this week as a strong challenger to Magna International in the bidding war for General Motors' Opel division. The Belgium-based industrial holding firm, which is linked to the U.S. buyout company Ripplewood, confirmed that it was in advanced talks to buy a majority stake in Opel and hopes to reach an agreement with GM by the end of this week.Automotive parts supplier Magna International had long been seen as the front-runner for Opel and had aimed to sign a deal with GM by July 15, but with talks between the two companies suffering a hold up, newcomers like RHJ and China's Beijing Automotive Industry Corporation (BAIC) are also vying for a piece of the Opel pie.

Read more

View the full article


Share this post

Link to post
Share on other sites

Your content will need to be approved by a moderator

You are commenting as a guest. If you have an account, please sign in.
Reply to this topic...

×   You have pasted content with formatting.   Remove formatting

  Only 75 emoticons maximum are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

Sign in to follow this  
Followers 0