FRANKFURT (Reuters) -- General Motors Co.'s board of directors will discuss on Friday the sale of its German subsidiary Opel, several sources close to the deal said.
"We are on the home stretch," one of the sources said on Wednesday, adding that the GM board aimed to recommend one of the suitors at the meeting.
Canadian-Austrian parts supplier Magna International Inc. and Belgium-based private equity firm RHJ International SA are the leading candidates to take over Opel and U.K. sister brand Vauxhall.
Trustees who oversee a majority stake in Opel -- which was ringfenced and propped up with German state aid in May to avoid being swept into GM's brief bankruptcy -- have to approve any decision.
GM declined to comment.
German Chancellor Angela Merkel and German states that are home to Opel plants have come out clearly in favor of the Magna offer because they think the company's expertise can save more of the 25,000 Opel jobs in Germany.
Merkel is up for election next month.
RHJ's offer for Opel seeks less European state aid and has won positive comments from some GM officials, but the bid is viewed skeptically in Berlin and by Opel's labor leaders.