China's BAIC submits non-binding Opel offer-sources

03 July 2009 @ 09:25 am EDT

Chinese state-owned automaker Beijing Automotive (BAIC) has submitted an indicative, non-binding offer for General Motors' German carmaker Opel, sources familiar with the situation said on Friday.


China's BAIC submits non-binding Opel offer-sources
The Opel Flextreme concept car is shown at the Auto China 2008 in Beijing April 20, 2008. The show is open to the public from April 24-28, with press and trade days on April 20-23.
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It planned to make a binding offer by the middle of July, one of the sources added.

GM Europe declined comment.

Canada's Magna is frontrunner to buy Opel. RHJ International is also in the running.

(Reporting by Angelika Gruber, Writing by Michael Shields)

Copyright 2009 Thomson Reuters. All rights reserved.

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