UPDATE: First Details On Opel Bids May Emerge On Weekend-Source
May 21 2009 - 4:16AM
Dow Jones News
First details on the bids presented for General Motors Corp.'s
(GM) German unit Adam Opel GmbH may emerge on the weekend, a person
familiar with the story told Dow Jones Newswires Thursday.
The evaluation of bids for General Motors Corp.'s (GM) German
unit Adam Opel GmbH, should be carried out "quickly", another
person familiar with the matter told Dow Jones Newswires
Thursday.
The German government is currently evaluating the bids, the
person said, adding there is no fixed deadline.
General Motors Europe said late Wednesday Italy's Fiat (F.MI),
Canadian autoparts maker Magna International Inc. (MGA) and RHJ
International Ltd. (RHJI.BT) are in the running to take over its
Opel unit. Germany said it will choose a preferred suitor early
next week.
-By Andreas Kissler, Dow Jones Newswires; +49 69 29 725 500;
djnews.frankfurt@dowjones.com