Friday, May 22, 2009

Beijing Auto signals Opel interest


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Financial Times
Breaking news
Friday May 22 2009

Breaking News
 
Beijing Auto signals Opel interest
China's Beijing Automotive Industry Corp has expressed an interest in buying a stake in Opel together with the rest of General Motors' European operations, for which three other companies have already entered entered bids this week.

The Chinese automaker sent a letter expressing interest in Opel to Commerzbank's Dresdner Kleinwort unit, which is advising GM on the stake sale, on Thursday - a day after a bidding deadline passed, according to two people close to the deal.


http://link.ft.com/r/ZE9K33/UYGMM/0OK4J/MAHIH/JAYLC/82/h
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