02 March 2009

Europeans Want 50% Stake in Opel for GM Aid

It looks like GM May divest itself of something around 50% of Opel in exchange for €3 billion in aid.

Note that this is a loans and loan guarantees primarily from from German federal and state governments, not a sale, but these nations are demanding that GM give up a significant proportion of its ownership shares.

I think that this comes down to the European governments believing that GM would otherwise use Opel as a unwilling organ donor.

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