GM's asking price is thought to be around pounds 570m, and German union leader Klaus Franz is believed to favour RHJ
after Fiat indicated its offer is unlikely to involve cash.
lt;h1>Germany seen warming to RHJ
as Opel buyer: paper</h1>
The German government originally backed Magna's bid but relations between Magna and GM have soured recently, leaving the door open for the RHJ
4 billion dollars) in cheap loans and loan guarantees as part of a rescue deal for Opel, General Motors' European arm, and strongly backs Magna's bid because it fears RHJ
would slash jobs.
From 1995-1998 and 2000-2006, he was a founding member of Ripplewood and served as both a managing director of Ripplewood and a special senior advisor to the board of directors of RHJ
Global Banking News-August 29, 2013--Bafin approval on RHJ
purchase of BHF Bank unit expected next month(C)2013 ENPublishing - http://www.
Deutsche Bank confirmed today that it has reached agreement with Kleinwort Benson Group, the wholly owned subsidiary of financial services group RHJ
International, on the sale of BHF-BANK, one of Germany s leading private banks.
ADPnews) - Dec 10, 2010 - Belgian investment group RHJ
International (EBR:RHJI) said today it will start repurchasing shares for up to EUR 15 million (USD 19.
Other bidders for Opel included Belgian investment fund RHJ
International, Italian auto firm Fiat and China s Beijing Automotive Industry Holding (BAIC).
If a deal is not done with Magna, or the other front-runner Belgian industrial group RHJ
, before the German election, the next government could have to agree to a Berlin-sponsored bail-out of the carmaker to avoid insolvency.
Since April, Canadian car parts firm Magna International and RHJ
, a Belgian industrial group, have been front-runners to buy GM Europe which comprises Vauxhall in the UK and Opel on mainland Europe.
AaBut the automotive group faced a stiff challenge from Brussels-based financial inves tor RHJ
International as GM's board weighed rival offers for Opel.