General Motors aims to choose a preferred partner for its European Opel/Vauxhall operations by the end of May, although it is “more probable” that GM will file for Chapter 11 bankruptcy protection by the government-set deadline of June 1, its chief executive Fritz Henderson said on Monday. Six other parties are believed to be interested in a stake in GM’s European operations, including private equity funds, sovereign wealth funds from Abu Dhabi and Singapore, and Canada’s Magna International, together with Russian investors.

This entry was posted by Gwen Robinson on Tuesday, May 12th, 2009 at 4:58 and is filed under Capital markets, M&A, Private equity. Tagged with gm, Opel. Edit this entry.