Magna Sberbank proposal on Opel finalised
Published: 13 August, 2009, 16:39
TAGS: Investment, Manufacturing, Russia and the global economy, Economy
Canadian car parts group Magna, along with Russia's Sberbank, have finalized their proposal to buy General Motors German subsidiary, Opel.
With the German government indicating a preference for the Magna Sberbank proposal to succeed with the bid, GM will decide between it and a rival bid from Ridgwood Holdings.
After announcing an earlier agreement, GM edged away the original deal over differences on control of intellectual property rights.
RT spoke with Christoph Stuermer, Automotive Expert at IHS Global Insight about the revised bid and the likely outcome.
13.08.2009, 15:56
The oil outlook: MetropolWith oil holding at about the $70/bbl mark, despite slack current demand, and with the IEA warning of supply pressure when major economies rebound, RT spoke with Alexei Kokin, Senior Oil and Gas Analyst at Metropol. |
13.08.2009, 17:33
Dairy sector battles downturn as farmers look for supportRussia has halted the import of Lithuanian dairy products after finding antibiotics in them. That’s bringing focus to Russia's domestic production and decline in consumption. |
The best choice for Opel!!!