M&A

23 November, 2009

EU ministers to discuss Opel plan Dec. 4 - Flemish premier

BRUSSELS, Nov 23 (Reuters) - General Motors GM.UL is expected to present a restructuring plan for its Opel and Vauxhall units to European Union ministers by the end of the week, the head of the Belgian region of Flanders said on Monday.

Kris Peeters, the premier of Flanders, said EU ministers would discuss the GM Europe plan at a meeting on Dec. 4.

Nick Reilly, the interim chief executive of GM Europe, said earlier that Opel needed around 3.3 billion euros ($4.94 billion) of refinancing.

((Reporting by Phil Blenkinsop, Brussels newsroom, +32 2 287 6830; email: brussels.newsroom@thomsonreuters.com))

($1=.6679 Euro)

Source: http://www.reuters.com