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Abu Dhabi Might Buy into Car Maker Opel - ASHARQ AL-AWSAT English Archive
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FRANKFURT (AFP) – Abu Dhabi’s royal family might be set to invest in the troubled German automaker Opel, a press report said on Monday.

The Westdeutsche Allgemeine Zeitung newspaper quoted family member Sheikh Hamdan indirectly as saying however that “no decision has been taken yet.”

Sheikh Hamdan said that a meeting he had had last week with German regional premier Juergen Ruettgers of the state of North Rhine-Westphalia, home to an Opel plant, was nonetheless “very positive.”

Opel, a unit of distressed US giant General Motors, is looking for private investors to supplement aid sought from the government, and German Chancellor Angela Merkel has indicated she would like to share the burden with others too.

Abu Dhabi said late last month it would take a 9.1-percent stake in Daimler, the German owner of Mercedes Benz autos and the worlds leading truck maker, for 1.95 billion euros (2.64 billion dollars), becoming its biggest shareholder.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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