Abu Dhabi Royal Family Eyes Opel Investment
By Michelle Krebs April 6, 2009Abu Dhabi's royal family might invest in General Motors' German subsidiary Opel, press
reports said Monday.
Family member Sheikh Hamdan reportedly had a meeting with German regional premier Juergen Ruettgers of the state of North Rhine-Westphalia, home to an Opel plant. Hamdan was quoted by Westdeutsche Allgemeine Zeitung newspaper as saying the meeting was "very positive."
Agence France-Presse quoted Hamdan saying "no decision has been taken yet."
Opel is looking for private investors and funds from the German government.
Last month, Aabar Investments PJSC, which has as its largest stakeholder the Abu Dhabi-government owned International Petroleum Investment Co., announced it would buy nearly $3 billion worth of new shares of Daimler AG. The firm then would own a 9.1 percent stake in the parent of Mercedes-Benz.
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