10 result(s) displayed (1 - 10 of 10):

Opel and Russia's automotive future (from Corporate Dealmaker)

With the sale by General Motors Co. of a majority stake in Adam Opel GmbH now looking like it will finally close, the Financial Times on Wednesday published a big article on an underexamined element of the deal: the partnership between Magna International Inc. (NYSE:MGA) and Russia's OAO Sberbank, which...

Posted on October 14, 2009 2:11 PM

GM Saturn sale near close; Opel not so much (from Corporate Dealmaker)

General Motors Co. appears to be moving toward completing one divestiture key to its ongoing restructuring even as another sale faces fresh uncertainty.Entrepreneur Roger Penske's auto dealer company should formally close on its deal for GM's Saturn brand on Wednesday, according to the Detroit Free Press, meeting the target date...

Posted on September 29, 2009 2:21 PM

GM's Opel headache not cured yet (from Corporate Dealmaker)

After months of negotiations, General Motors Co. has finally made a decision about the fate of its Adam Opel GmbH subsidiary. But the jury is still out on whether GM has solved its European problem or simply created new headaches in selling 65% of the company to a consortium of...

Posted on September 10, 2009 4:29 PM

Rocky Opel auction limits GM's options (from Corporate Dealmaker)

Would the retention of Adam Opel GmbH by General Motors Co. after a long and contentious auction process be politically as well as economically attractive for GM, as Ken Klee argued here Monday morning? Maybe. But that doesn't mean GM will be able to get the help needed to make...

Posted on August 24, 2009 3:43 PM

Opel auction plot is thick, and rich in rumours (from Corporate Dealmaker)

John Smith, the group vp who is General Motors Co.'s (NYSE:GM) chief negotiator for the sale of a stake in the company's Adam Opel GmbH unit, has some advice for people following this tangled auction: Don't believe everything you read in the press about it. Specifically, don't put much credence...

Posted on August 6, 2009 5:25 PM

No Opel buyback, GM exec says on blog (from Corporate Dealmaker)

Using the blogosphere to help manage an auction is a tricky process. On Wednesday we were among those commenting on a Tuesday blog post by General Motors Co. group VP John Smith about the state of the auction for GM's Adam Opel GmbH unit. In his post Smith complained that...

Posted on July 30, 2009 10:34 AM

No Opel buyback for GM, says econ minister (from Corporate Dealmaker)

Strategic dealmakers and private equity investors work together only once in a while. Could they team up more often? Whenever we've heard this question discussed at conferences, the consensus seems to be that such partnerships are interesting in theory but tough to pull off in practice. And that's even without...

Posted on July 20, 2009 12:00 PM

BAIC: Big plans for Opel in China (from Corporate Dealmaker)

More details have been reported about Beijing Automotive Industry Holding Corp.'s eleventh-hour bid for General Motors Corp.'s Adam Opel GmbH European unit. In its approach, the Chinese automaker said it was ready to sink $2 billion into Opel's first plant in China, which would open in 2012 and produce cars...

Posted on July 7, 2009 9:15 AM

Opel's Chinese suitor (from Corporate Dealmaker)

Is it just us, or is there something unusually public about the auction of General Motors Corp.'s Adam Opel GmbH division? Perhaps it has something to do with the number of parties involved. Here's the state of play as of Monday. In the lead to buy the unit is Canadian...

Posted on July 6, 2009 1:42 PM

GM reportedly still talking to other bidders about Opel (from Corporate Dealmaker)

The battle for Adam Opel GmbH might not be over yet.General Motors Corp., despite striking a tentative deal to sell a majority stake in Opel to Magna International Inc. (NYSE:MGA) last month, continues to hold discussions with rival suitor Ripplewood Holdings LLC, according to a report on the London Times'...

Posted on June 19, 2009 5:00 PM