“We are speaking with multiple bidders. We would like to have at least some understanding of what the agreement might look like no later than the end of this month, slightly before the end of this month,” Henderson was quoted as saying by Autonews.
A thing worth mentioning is that Henderson says the German government won't be involved in the negotiations but admitted the investor he is going to pick will match the country's requirements. However, the government will still have the final word on the acquisition because it has agreed to provide up to 2.6 billion euros to the ailing brand.
“We are going to make sure any partner we pick is going to be suitable for them (the German government). We need their support," he said. “We have indicated a willingness to move into a minority position. But we need to negotiate something before we say what it is.”
At this time, both Fiat and Magna International are linked with an Opel acquisition but details are still sketchy at this time. However, Magna repeatedly insisted it doesn't eye a majority stake in the German brand but recent reports hinted that the Austrian-Canadian group plans to join forces with several Russian investors to purchase the controlling stake.
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