GM Will Review The Final Opel Bids Today – Buyer To Be Announced Soon!

General Motors has already exited bankruptcy where they are now under pressure to sell the Opel brand in Europe. There is a load of pressure coming from the German government to formalize the deal between Opel and Magna International, despite the fact that GM are in favour for an RHJ deal.

Opel has held out over the past months, where they are trying to get the best deal possible. During the past few months the deals have improved tremendously where the company is now in a much stronger position regardless of which deal they choose.

Germany’s government has promised Adam Opel GmbH GM’s German subsidiary a total of 4.5 million euros in aid if they accept Magna International as their buyer. The government says that their main concern would be to keep as much technology and jobs in the country as possible.

Even though the German government are looking towards Magna, GM are still turning their heads to RHJ International. RHJ has a ’simpler’ deal which will allow GM to still have some stake in the brand as the Belgian investor will only buy majority stake. If GM still own a part of Opel there would be a great chance that they could one day buy it back.

It was reported that Magna’s deal will award 27.5 percent to Magna, 27.5 percent to Russia’s Sberbank while Opel employees will hold 10 percent, while GM will carry the remaining 35 percent.

All of the bids will be finalized today, where the announcement should come soon.

General Motors Are Still Willing To Sell Opel… It’s Becoming An On-Off Deal

Sberbank Are Already Interested In Selling Their Opel Stake

General Motors Have Decided That They Will Keep The Opel Brand

Volkswagen Has Said That Magna Will Benefit From The Opel Decision