Market Analysis

positions of the Canadian Magna and Sberbank in the struggle for Opel is somewhat more tenuous in relation to the intent of General Motors to add to negotiate other potential buyers of the European division of American avtokontserna. GM may this week sign a memorandum of understanding with the Belgian holding company RHJ International, informs Financial Times.

RHJ, specializing in investments in companies avtosektora, especially manufacturers of components, together with Fiat and Magna had participated in the first round of negotiations on the purchase of Opel and its UK unit Vauxhall, but her application was immediately rejected.

RHJ improved proposal, and GM takes it very seriously, told FT person familiar with the plans for the sale of Opel /Vauxhall. According to him, RHJ memorandum may be signed in the coming days. The team of negotiators GM would be happy if we will have two very clear, definitive agreement, which can be chosen, - the newspaper quoted him.

As expected, Beijing Automotive Industry Corporation may soon present a proposal. The Chinese company has entered into the struggle for Opel late, so it still lags behind RHJ or Magna.

Magna, has signed a Memorandum of Understanding in May, yet retains a leading position. However, during the negotiations a number of obstacles. Magna and its Russian partners, in particular, the GAZ Group, which involves establishing production of cars based on Opel in Russia, want to get access to GM. The latter wants to retain the right to redeem in the future, some or all stock Opel.

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