Abu Dhabi looking to take a stake in General Motors’ Opel

According to the Westdeutsche Allgemeine Zeitung daily (don’t worry we didn’t bother pronouncing the newspaper’s name either), reported today that the German state of North Rhine-Westphalia has talked to Abu Dhabi for taking a stake in the struggling General Motors’ Opel brand.

Juergen Reuttgers, NRW state premier, has been reported to be talking with a high-ranking member of the Gulf emirate’s royal family about a potential investment in Opel. The report said that Opel was just one of the 20 firms the state discussed as possible investment opportunities for Abu Dhabi.

Just last month Aabar Investments PJSC of Abu Dhabi took a 9.1 percent holding in German automaker Daimler AG – making it the company’s biggest stakeholder.

– By: The Daily Auto Editor

Source: Reuters