Although Beiqi has prepared a generous "gift ceremony," it eventually had to miss the "Italian" Opel. Yesterday, GM officials said in an interview with the reporter of “Daily Economic Newsâ€: “After the submission of the final round of bid plans, we are currently continuing with Canadian component company Magna International and Belgian RHJ International Investment Company. Opel's bid-buying plan was negotiated.†He did not mention Beiqi, which means that the bidder from China has withdrawn from the Opel brand fight.
Beiqi offers favorable conditions for acquisition
It is reported that before the deadline for receiving Opel's final offer, General Motors received a total of 3 bids from its bidders for its Opel division, including Canadian component maker Magna International and Belgian RHJ International Investment Corporation. And the Chinese company Beiqi Holding Group. The final purchase plans of the three candidate buyers have their merits. In particular, the conditions for Beijing Automobile Holdings are quite generous. Its quotations are much higher than its competitors, and the number of layoffs is lower than that of the other two companies. The financing guarantee provided by the German government is also required. Relatively low.
In the final round of bids, Magna International changed its previous acquisition plan to hold only 20% of Opel shares. The company and its partner, Russian Savings Bank, each acquired a 27.5% stake in Opel, and plans to lay off employees in the general European division. About 11,000 people, but not close the German factory.
RHJ’s latest acquisition plan promised to invest EUR 275 million in the acquisition of 50.1% of Opel's shares. It will help Opel pay off all the bailout funds provided by the federal government and the states by 2014 at the latest. Before this, RHJ will give up dividends. And the scale of government guarantee funds required by RHJ is 700 million Euros lower than that of Magna International. RHJ plans to cut about 9900 employees of Opel, close its factories in Belgium and reduce the production of four factories in Germany.
Beiqi Holdings is willing to buy 51% of Opel's shares for 660 million euros, leaving 49% for GM's Opel shares, which is the largest of the three. And declared that as long as 2.64 billion euros of financial support can be reinvigorated Opel, in the three required government deposits is the least. In the acquisition plan of Beiqi Holding, all Opel factories in Germany are expected to continue operations and forced layoffs are not within the scope of the plan.
Next week to evaluate Opel sale plan
However, even so, BAIC failed to put Opel into its pocket. Analysts believe that BAIC's lack of international management experience, and its plans to invest in China to build factories and GM's development strategy contradicts, this may be the main reason for its forced out.
Guoxin Junan Securities Research Institute researcher Zhang Xin believes that Opel has a large market share in Europe, and Opel platform is a more important strategic platform for general use. Opel acquisition is a rare opportunity for companies that want to use Opel’s advanced production technology. Opportunity. However, BAIC's main motivation for bidding for Opel is to serve its own brand. If BAIC takes the Opel brand in its pocket, Shanghai GM will also have to face competition with BAIC in order to protect Shanghai GM. Magna International’s establishment of a distributor for GM in China will be a huge challenge. In addition, Beijing Auto's financial resources could not support the acquisition of Opel Automobile, which was also an important reason why Beijing Automotive missed Opel. For the moment. Behind Magna International, there is a bank as a support, funds are more abundant, negotiations with General Motors are more complete, and the possibility of winning is even greater.
Yesterday, Bei Hong Holding spokesperson Wang Hong said in an interview with the reporter of “Daily Economic News†that there is no more information disclosure and no comment on the acquisition.
It is understood that after the release of BAIC, the current Opel bid has entered a white-hot case, the multi-interest competition makes this sale process is very complicated. At present, the German government supports Magna International's acquisition plan, and General Motors prefers RHJ International. The main difference between the two is whether General Motors can enjoy the priority buyback of Opel Motors.
Next week, the German government will jointly evaluate GM’s sale plan for Opel. By then, the final ownership of the Opel brand is expected to come to light.
Butterfly valve, also known as flap valve, is a kind of regulating valve with simple structure. Butterfly valve that can be used for on-off control of low-pressure pipeline medium means that the closing member (disc or butterfly plate) is a disc, which rotates around the valve shaft to achieve opening and closing. of a valve.
Valves can be used to control the flow of various types of fluids such as air, water, steam, various corrosive media, mud, oil, liquid metal and radioactive media. It mainly plays the role of cutting and throttling on the pipeline. The butterfly valve opening and closing part is a disc-shaped butterfly plate, which rotates around its own axis in the valve body to achieve the purpose of opening and closing or adjustment.
Butterfly Valve,Butterfly Valve Price,Motorized Butterfly Valve,Butterfly Gate Valve
Jiangsu Qiantu Trading Co., Ltd. , http://www.qiantupump.com