Tuesday 7 April 2009

German firms look to Abu Dhabi investors

Abu Dhabi investors are reported to have held discussions about a number of German manufacturing companies, including a possible interest in the ailing German car maker Opel.

Opel, which has said it needs €3.3bn in state aid to avoid layoffs and plant closures, is under pressure to win private-sector support, a condition set by the German chancellor, Angela Merkel, for state loan guarantees.

So far, there have been no serious public declarations of interest in investing in Opel, despite widespread speculation about a number of possible investors.

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