GM seeks alternative Opel bids

Article reports that General Motors has stepped up negotiations with rival suitors, June 2009, to offload a stake in Opel/Vauxhall, its European carmaking business, and could sign at least one memorandum of understanding in early July 2009 as talks with Magna International, preferred bidder, have hit obstacles.

RHJ International, the Belgium-based industrial holding company interested in Opel, had improved its earlier bid and GM was 'taking it very seriously', said a person close to the sale process, who added that a memorandum could be signed within days.

ESO: Background information: GM opens door for improved Opel offers http://www.europeansources.info/record/gm-opens-door-for-improved-opel-offers/

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