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Visit of Kris Peeters, Minister-President of the Flemish Government, to Neelie Kroes

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On 16 September 2009 at the European Commission's headquarters in Brussels, Kris Peeters, Minister-President of the Flemish Government, met with Neelie Kroes, Member of the EC in charge of Competition, for direct talks on the future of the Belgian plant of Opel located in Antwerp. The Commission had already said that it intended to scrutinise the Opel deal. Signalling that she would take a tough line on the issue, Neelie Kroes said that she would look at the entire context of 4.5 billion euro in loan guarantees provided mainly by the German government to back the deal by Magna, the Canadian car parts supplier, to buy a 55 per cent stake in Opel and its UK business Vauxhall. GM had already confirmed that the Canadian-Russian consortium that would control Opel intended to wind down production in Antwerp but keep four German plants open.
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Type: EbS   Reference: 65059   Date: 16/09/2009   Duration: 00:00:42
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