General Motors to keep European unit (Dealscape

The General Motors Co. board voted on Tuesday against selling Adam Opel GmbH, angering the German government and adding another twist to the long-running saga of the company's primary European unit.

The company said late Tuesday that it has decided to instead restructure Opel, a plan that will cost about €3 billion ($4.4 billion). General Motors in doing so is calling off a proposed sale of a majority stake in the unit to a consortium led by Magna International Inc. after months of talks among companies, unions and government bodies, and at a point where most believed an agreement was finally near.

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203 articles related to Adam Opel GmbH
129 company pages related to Germany
92 in-depth transaction records for General Motors
47 in-depth reports of Withdrawn M&A deals in the Automotive sector
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NOT A SUBSCRIBER? General Motors to keep European unit Posted on November 4, 2009 12:30 PM The General Motors Co. board voted on Tuesday against selling Adam Opel GmbH, angering the German government and adding another twist to the long-running saga of the company's primary European unit. The company said late Tuesday that it has decided to instead restructure Opel, a plan that will cost about €3 billion ($4.4 billion). General Motors in doing so is calling off a proposed sale of a majority stake in the unit to a consortium led by Magna International Inc. after months of talks among companies, unions and government bodies, and at a point where most believed an agreement was finally near. This is a free content preview. Subscribers enjoy access to all stories in full as well as second-to-none market intelligence. Dig deeper, with Pipeline. 203 articles related to Adam Opel GmbH 129 company pages related to Germany 92 in-depth transaction records for General Motors 47 in-depth reports of Withdrawn M&A deals in the Automotive sector 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Deutsche Bank Birds Eye Cadbury AG Agrium Inc. Skadden Arps Revolution Money Tandberg ASA Aisling Capital Ken Lewis Natco		EXISTING USERS Username Password Forget your password? Missing a product?

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