icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm
13 Aug, 2009 12:39

Magna Sberbank proposal on Opel finalised

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.