GM Nears Deal for Opel With Belgium's RHJ

General Motors (GMGMQ Quote) is nearing a deal to sell a stake in its Opel division to Belgium industrial holding company RHJ International, a report says.

RHJ had improved its earlier bid for GM's European unit and GM was taking it very seriously, the Financial Times reports, citing a person close to the sale process. A memorandum of understanding could be signed within days.

The newspaper reports that GM's talks with Magna International(MGA Quote), the preferred bidder, have run into snags. ...