NEW YORK (Reuters) -- RHJ International plans to sweeten its bid for Opel to overcome German government opposition to its bid, The Wall Street Journal said.
The Belgian investment firm is proposing to lower the amount of needed German taxpayer-funded loan guarantees to support a purchase of Opel to as little as 3.6 billion euros ($5.11 billion) from 3.8 billion euros ($5.39 billion), the newspaper said, citing people familiar with the matter.
The lower amount would be 900 million euros below the aid envisioned in a rival offer by Magna International Inc., the newspaper said.
Opel parent, General Motors, is selling a majority stake in Opel and its sister brand Vauxhall in return for financial aid from the German government.
RHJ and GM did not immediately return requests for comment.