Magna: To Sign Off On Opel Deal In 4-5 Weeks
June 03 2009 - 5:51AM
Dow Jones News
Magna International Inc.'s (MGA) co-chief executive Siegfried
Wolf said Wednesday he expects to sign off on a deal to acquire
General Motors Corp's (GM) German unit Adam Opel GmbH in four to
five weeks.
Magna International Inc. (MGA) is leading a consortium which
includes Russia's OAO Sberbank (SBER.RS) and OAO GAZ (GAZA.RS)
group to take over Opel, after the German government selected Magna
as the successful bidder.
Wolf also said he expects the consortium's Opel entry to be
completed by September.
-By Frankfurt Bureau; Dow Jones Newswires; +49 69 29 725 500;
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