Sberbank

...its European operations Opel and Vauxhall to a consortium led by Canadian autoparts maker Magna International Inc. and Russian lender Sberbank. GM Europe workers were also prepared to buy a 10 percent stake. German Chancellor Angela Merkel...

In this article: GM, GM Europe, European Union, Angela Merkel, Opel, Frankfurt, Revenue, and Magna International Inc.

...also taken controlling stakes in developers Sistema-Hals and Don-Stroi Invest, as well as 75 percent of the Dynamo sports group. Sberbank has also taken its share of property in exchange for debt, including 60,000 square meters of the Gorod...

In this article: Citibank, Gazprombank, Morgan Stanley, Goldman Sachs, Moscow, and Joint venture

...Opel but was not tempted to intervene. The reversal angered Germany, which was backing a bid by Canadian parts-maker Magna and Russia's Sberbank. "We were completely surprised," Bloom said. "But the (GM) board of directors is an...

In this article: General Motors, Chrysler, Fiat, Electric car, Chevrolet Volt, Bankruptcy, and Opel

...month that aid would be available whether it hung onto Opel or sold it -- and even if it rejected the bid by Magna and its Russian partner Sberbank that Germany openly favored. GM subsequently decided to ditch the planned sale. In the blogs...

In this article: GM, European Union, Opel, Jaundice, Magna, Germany, and Europe

Sberbank provided backing for a bid for General Motors Europe Sberbank, Russia's largest lender, has announced plans to cut as many as 67,000 jobs, or a quarter of its workforce, within the next five years. Around 27,000 of these jobs...

In this article: Magna, General Motors, Europe, and Russia

Russia's Sberbank to cut up to 67,000 jobs by 2014 MOSCOW: Sberbank, Russia's largest retail bank, plans to shed up to 67,000 jobs, or a quarter of its workforce, by 2014, a senior company official said on Wednesday. "Over five years, we...

In this article: Russia, All rights reserved, World Bank, and Moscow

Russia's Sberbank <SBER03. MM>, expects profits to recover and bad loan provisions to peak next year, but still plans to slash up to a quarter of its work force by 2014, a senior company official said on Wednesday. "Due to an improvement...

In this article: Russia

...of avoiding the courts," Gref told reporters. GM reversed its decision to sell a majority stake in Opel to a consortium including Sberbank, Russia's biggest lender, and Canadian auto parts business Magna International <MGa. TO>, opting...

In this article: Opel, General Motors, Magna International, German Gref, and Russia