FACTBOX: Details of RHJ's concept for GM's Opel
(Reuters) - Below are the highlights of RHJ International's (RHJI.BR) "Project Beam" concept for General Motors unit Opel, a copy of which was obtained by Reuters on Friday:
CONSIDERATION AND OWNERSHIP
- RHJ contributes 175 million euros at closing of the deal, plus 100 million on Dec 31, 2012, for 50.1 percent equity stake
- GM has 39.9 percent stake, no cash contribution
- Employees have 10 percent stake, contribution of 250-300 million euros savings per year
ASSUMPTIONS
- Royalty rate of 3.5 percent in years 2010-2012, thereafter 5 percent
- 3.8 billion euros in loans guaranteed by German government, to be repaid by 2014
- No exit by RHJ or dividends until government-backed loans have been repaid in full Continued...




