RHJ To Bid For Opel

(Reuters) – Private equity investor RHJ will make an offer for General Motors’ German carmaker Opel, a source with direct knowledge of the matter said on Wednesday.

The source said the offer would give General Motors a substantial stake in the business.

Fiat and Magna International are also expected to make bids for Opel, which GM is spinning off with other European operations into a separate unit.