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Germany May Provide Opel With Bridge Financing
Updated from 4:20 a.m. EDT
BERLIN -- Germany could provide any new investor in the Opel unit of General Motors (GM Quote) bridge financing of 1.5 billion euros ($2.09 billion), Finance Minister Peer Steinbrueck said Wednesday ahead of top-level meetings on the future of the automaker.
Italy's Fiat, Canadian auto parts maker Magna International (MGA Quote) and U.S. investment firm Ripplewood Holdings all have been pursuing bids for Opel.
There also are reports that carmaker Beijing Automotive Industry Holding, a Chinese automaker, had submitted an offer to buy the Opel unit. ...
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