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This is 4.5 billion euros of funds used to support what? German Economy and Technology Vice-Minister Jochen • Hohmann said, "If Magna International Inc. and the Russian Federation Savings Bank Opel successful bid, in addition to the German government promised before the Opel to provide 1.5 billion euros of bridge loans ; the Federal Government and the Opel factory has four joint state government will also provide 3 billion euros of loans. "

Hohmann said that the German Government has informed the General Motors Corporation, will provide all acquisition support for the necessary credit to ensure that there are Opel and other GM factories in the negotiations between the European countries can proceed smoothly. Hohmann also stressed that funding was only aimed at Magna, which does not include another potential buyers RHJ, will not increase the amount of subsidy RHJ.

Rare move

"The German Government for the provision of two huge mergers and acquisitions and financial assistance, it is rare." Professor in the Department of Fudan University, the world economy strong Yongchang yesterday told reporters that "from the Magna and the integration process do not Opel, the German government to provide huge amounts of credit financial support, mergers and acquisitions to reduce the obstacles encountered, is a strategic consideration. "

This strategic vision is clear and the Government was concerned about employment issues. "In the financial crisis in the special context, in a sense, this is a kind of government financial assistance to control the market economy." Yongchang strong analysis,bags, "The Government is to give more consideration to the combined Opel and Magna how the stability of employment in Germany. "

According to German media reports, Magna and RHJ comparison of the bid to provide two programs Opel Magna Holdings, ensure that all four local factories normal operations, will be able to retain more workers in the German automotive jobs. At present, the local Opel in Germany the number of employees approximately 25,000 people.

Mergers and acquisitions for a Canadian to provide huge amounts of U.S. financial support, the German government not only funds the heart of the risk? According to German media reports, the German government has considered the hope that General Motors and Opel under the U.S. Treasury will name a trust company, loan capital flows to prevent General Motors of the U.S. creditors. However, if this operation will not be able to reach to save the German auto workers job opportunities.
No suspense

United States General Motors Board of Directors will be the evening of August 20 local time,nba, held a meeting, the final decision of the fate of Opel. Finally, the results seem to have no suspense.

Hohmann said: "General Motors will be discussed and RHJ Magna bid for the two sets of programs, and then will give their views. In any case, the German government has made it clear that the support of the Magna, and there is no doubt. "

Prior to that, as a result of the program RHJ bid on the request of European government assistance to small and so was some of General Motors, German government officials for their support, but high-level Opel labor departments are skeptical.

"At present, those in each bid, the automotive industry experts generally more optimistic about the Magna, Magna plans to expand because of the Opel vehicle production. Of Magna is the only reason for this is that the failure of their own take the initiative to abandon the tender, so as to force General Motors and other companies to negotiate. RHJ and investment company, after all, is a ‘financial investors’. "Zhongyuan Securities Research Institute, an analyst said.