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	<title>Dashboard News &#187; Belgium R.H.J. bid for Opel</title>
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		<title>GM&#8217;s Opel unit still up for grabs</title>
		<link>http://www.dashboardnews.com/2009/07/13/gms-opel-unit-still-up-for-grabs/</link>
		<comments>http://www.dashboardnews.com/2009/07/13/gms-opel-unit-still-up-for-grabs/#comments</comments>
		<pubDate>Mon, 13 Jul 2009 14:58:11 +0000</pubDate>
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				<category><![CDATA[Cars]]></category>
		<category><![CDATA[External Cars]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Beijing Automotive]]></category>
		<category><![CDATA[Beijing Automotive bid for Opel]]></category>
		<category><![CDATA[Belgium R.H.J. bid for Opel]]></category>
		<category><![CDATA[Belgium’s R.H.J.]]></category>
		<category><![CDATA[bidding for Opel]]></category>
		<category><![CDATA[bids for Opel]]></category>
		<category><![CDATA[European auto industry]]></category>
		<category><![CDATA[GM]]></category>
		<category><![CDATA[Magna bid for Opel]]></category>
		<category><![CDATA[Magna International Inc.]]></category>
		<category><![CDATA[Opel]]></category>
		<category><![CDATA[R.H.J. International]]></category>

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News is out today that Belgium’s R.H.J. may be close to a deal for Opel.
General Motors’ plan to sell its European operations to a Canadian auto parts maker and a Russian bank appeared Monday to be in trouble, when another bidder said it was nearing a deal for the unit, The New York Times’s David [...]]]></description>
			<content:encoded><![CDATA[<p><img src="http://www.dashboardnews.com/wp-content/uploads/2009/07/opel-astra-252784.jpg" alt="opel-astra-252784" title="opel-astra-252784" width="477" height="273" class="aligncenter size-full wp-image-202" /></p>
<p>News is out today that <a href="http://dealbook.blogs.nytimes.com/2009/07/13/belgiums-rhj-in-advanced-talks-to-buy-opel/" target="_blank">Belgium’s R.H.J. may be close to a deal for Opel</a>.</p>
<blockquote><p>General Motors’ plan to sell its European operations to a Canadian auto parts maker and a Russian bank appeared Monday to be in trouble, when another bidder said it was nearing a deal for the unit, The New York Times’s David Jolly reported.</p>
<p>R.H.J. International, a Brussels-listed industrial holding company, said in a statement that it was in talks with G.M. for the acquisition of a majority stake in the European subsidiary, Adam Opel, which includes the operations of Vauxhall in Britain.</p></blockquote>
<p>Fiat was also in the running for Opel, but their plans to streamline operations didn&#8217;t make the unions very happy.</p>
<p>As for R.J.H., <a href="http://www.bloomberg.com/apps/news?pid=20601100&#038;sid=akCPsvtQKRFo" target="_blank">Bloomberg expressed doubt</a> as to whether this proposal would prevail.</p>
<blockquote><p>Beijing Automotive Industry Holding Co. may be an acceptable buyer of General Motors Corp.’s Opel unit if talks with Magna International Inc. fail, said Armin Schild, a board member at the German division.</p>
<p>A proposal by private-equity firm RHJ International SA is unlikely to be a viable option because it’s “a completely different concept” that would raise “many new questions,” Schild, who represents the IG Metall labor union on Opel’s board, said in an e-mailed response to questions.</p>
<p>Germany’s government, which is providing loan guarantees for Opel’s sale as GM works to emerge from bankruptcy, chose a team of Canadian partsmaker Magna and Russian lender OAO Sberbank on May 30 as its preferred bidder for Opel. China’s BAIC, Brussels-based RHJ and Fiat SpA, Italy’s biggest manufacturer, also submitted proposals.</p></blockquote>
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